Diesel Price Falls 4¢ to Five-Year-Low $2.824
Diesel’s national average retail price fell for a third straight week, dropping 4 cents to a five-year-low $2.824 a gallon, the Department of Energy reported March 30.
Diesel’s pump price has declined 12 cents in three weeks, after rising 11.3 cents in five consecutive increases.
This week’s price is the lowest since trucking’s main fuel was $2.756 per gallon Feb. 15, 2010, according to DOE records.
The slide left diesel $1.151 below its level a year ago when it was near $4 a gallon, DOE said after its weekly survey of filling stations.
Gasoline, meanwhile, dipped almost a penny, dropping 0.9 cent to $2.448, the second decline in three weeks.
The decline left the motor fuel, which rose 0.4 cent last week, $1.131 less than its price a year ago, DOE said.
Oil, meanwhile, fell 19 cents to finish March 30 trading at $48.68 a barrel on the New York Mercantile Exchange, Bloomberg News reported.
Each week, DOE surveys about 400 diesel filling stations and 800 gasoline stations to compile national average prices.
