Fuel Prices Keep Falling, Greek Economy Affects Oil Prices

Diesel and gasoline prices dropped for the fifth straight week, but oil prices continue to fall due to concerns over Europe, particularly Greece's economy.

Diesel fuel prices dropped by an average of 5.3 cents to $4.004 a gallon, according the the Energy Information Administration's weekly fuel upstate. This is the lowest the average price of diesel has been since late February. Prices are down by an average of 5.7 cents from a year ago.

Gasoline prices dropped by 3.6 cents this week to $3.754 a gallon. That's more than 20 cents lower than gasoline prices a year ago. Prices in the West Coast, the only region to see an increase, went up 12 cents.

Light, sweet crude oil for June delivery on the New York Mercantile Exchange settled $1.35 lower, at $94.78 a barrel, a new low for 2012. The decrease is due to mounting concerns about Greece's economy and rising global oil supplies.

Traders said oil prices are heading for a critical juncture around $92.50 a barrel. This could clear the way for prices as low as $85 a barrel, a level not touched since last October.

Story from truckinginfo.com. To see the EIA's complete weekly fuel update, click here.

Devastating Crash in Florida on I-75

After having a rather eventful weekend in Tampa for the Gasparilla celebration, I had a friend visiting from Atlanta and he left bright and early Sunday morning around 10 a.m. to head back home. After speaking to him again at 4 p.m., I was baffled to find out he was not only still in Florida, he had just passed Gainesville in a very confusing detour off I-75 through side roads, then eventually back on the interstate. My curiosity got me wondering and I began scouring Google to find out what the holdup was. Then I saw the pictures…

One of the most horrible things that can happen on a highway happened early yesterday morning. Living in Florida, and more importantly Gainesville for many years, the crash hits very close to home. The wreck happened after a long line of cars and trucks collided before dawn Sunday on a stretch of Interstate 75 south of Gainesville. The highway was closed Saturday night because of blinding fog and smoke that caused a three-way crash, and then reopened before the chain collisions started around 3:45 a.m. Never have I seen anything quite like the photos. At least a dozen cars and six tractor-trailers were involved, and some burst into flames. My thoughts and prayers go out to the victims and families of these crash victims.

Read the story here:

http://www2.tbo.com/news/news/2012/jan/30/1/i-75-pileup-witness-it-looked-like-the-end-of-the--ar-352882/