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Retail prices for diesel are projected to average $2.22 per gallon for 2016 before rising to $2.58 per gallon in 2017, EIA noted.
The United States Energy Information Administration reported the national average price for diesel fuel in December at $2.78 per gallon, $0.16 per gallon higher than last year. A December quote from New Jersey fuel oil dealer was $2.99 per gallon.