From thetrucker.com

WASHINGTON (Jan. 8, 2007) — The decline in oil prices showed up at the pump the first full week of 2007 as the average weekly retail on-highway price of a gallon of diesel declined 4.3 cents to $2.537, the lowest since the first week of November 2006.

The price was only 5.2 cents higher than the same time one year ago, according to the Energy Information Administration of the Department of Energy.

Reuters reports that after seeing significant strength in early trading today, the price of oil had pulled back well off its high for the session. Crude for February delivery is currently up $0.07 at $56.38 a barrel after reaching a high of $57.72 a barrel.

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During a press conference at the Detroit Auto Show the chairman of Mitsubishi, Takashi Nishioka, announced Mitsubishi would have diesel offerings in Europe before 2010.

Current plans is for a turbo inline four cylinder developed by Mitsubishi Heavy Industries to be put in the Lancer and Outlander crossover.

Mitsubishi is jumping on the clean diesel band wagon like everyone else. “Everyone has been talking about the environment,” Takashi Nishioka said. “We believe it is important; we are committed.” Of course this is fine by me as long as we continue to have more diesel options. However, there was no firm diesel plans for a US offering other than they were looking into it.