Diesel Dips 2¢ to $4.01 a Gallon; Gasoline Drops Again, Falling 7.6¢, to $3.492
Diesel fell 2 cents to $4.01 a gallon, its third straight downturn, while gasoline fell 7.6 cents to $3.492, its fourth straight decline, the Department of Energy reported Monday.
The diesel drop leaves it 12.3 cents higher than the same week last year, while gasoline is 6.8 cents over a year ago, according to DOE figures.
Trucking’s main fuel has declined 14 cents in the past three weeks and by a cumulative 12.5 cents in five drops in seven weeks, while gasoline has plunged 35.8 cents in the past month.
Last week’s 8.6-cent diesel drop was the biggest single-week decline since December 2008, while its $4.15 price three weeks ago was the highest in more than four years.
Gasoline’s 13.2-cent plunge two weeks ago was its biggest decline since December 2008, while Monday’s price is the lowest in almost four months, since it was $3.427 per gallon on July 16.
After closing at $84.86 a barrel on Friday — the lowest closing price in almost four months — crude oil rose 79 cents Monday to finish at $85.65 on the New York Mercantile Exchange, Bloomberg reported.
Several East Coast last week.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
