Diesel Drops for First Time Since November
Diesel slipped a tenth of a cent to $3.907 a gallon, its first drop since November, while gasoline also declined, the Department of Energy said.
The 0.1-cent diesel downturn was the first since trucking’s main fuel fell 0.9 cent on Nov. 29, to $3.162 per gallon.
Since that time it has gained 74.5 cents, and is now 96.1 cents over the same week a year ago, DOE said following its weekly survey of filling stations.
Gasoline last declined by 0.9-cent on Jan. 31, and before that by 2 cents, on Nov. 29. Since then it has risen 70.6 cents and is now 74.3 cents over the same week last year.
Oil slipped under $100 a barrel last week for the first time since March 1, following demand downturns after Japan’s big earthquake on March 11.
Crude rose $1.26 Monday to finish the New York Mercantile Exchange trading day at $102.33 a barrel — the highest closing price since March 10 —Ìý following U.S. and allied military strikes against Libya, an OPEC oil producer, over the weekend, Bloomberg reported.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
