Diesel Average Falls Another 4¢, to $2.784 a Gallon
Diesel’s national average price fell 4 cents for a second straight week, to $2.784 a gallon, while gasoline took its biggest drop since January, the Department of Energy reported April 6.
The diesel downturn was the fourth straight, in which time the price has dropped 16 cents. This week’s decline left the price $1.175 less than a year ago.
The average is also a five-year low, marking the lowest level since trucking’s main fuel was $2.756 on Feb. 15, 2010, according to DOE figures.
Gasoline’s national average price fell 3.5 cents to $2.413 gallon, the third decline in four weeks and biggest downturn since a 7.3-cent drop on Jan. 19.
The decline left the motor fuel — which is 7.4 cents below its level four weeks ago — $1.181 less than the corresponding week last year.
Oil, meanwhile, took its biggest increase in two months, gaining $3 on April 6 to finish trading at $52.14 a barrel on the New York Mercantile Exchange, Bloomberg News reported.
The jump came after Saudi Arabia boosted price for crude shipments to Asia, Bloomberg News reported. It was the highest Nymex closing price since Feb. 18.
Each week, DOE surveys about 400 diesel filling stations and 800 gasoline stations to compile national average prices.
