Diesel Continues to Slide, Dropping 13.5¢ to $2.809
Diesel fuel’s national average price continued to slide, falling another 13.5 cents to $2.809 a gallon, the Department of Energy said Monday.
The downturn left trucking’s main fuel 60.1 cents below the same week last year, DOE said following its weekly survey of filling stations.
The price was the lowest since June 18, 2007, when it was $2.805 a gallon, and diesel has fallen almost $2 since its $4.764 record set four months ago, on July 14.
Gasoline also continued its recent slide, falling 15.2 cents to $2.072 a gallon, the lowest price since March 14, 2005, when it was $2.056.
Gas has now fallen nearly more than $2 since its $4.114 record set July 7, and Monday’s price is $1.027 below the same week last year.
Crude oil, meanwhile, continued its recent steep decline, falling $2 Monday to close at $54.95 a barrel on the New York Mercantile Exchange, Bloomberg reported.
That was the lowest price in 21 months and about $90 below the $145.18 closing-price record set in mid-July.
Last week, DOE forecast big drops in diesel’s pump price for 2009, saying it would average $2.73 next year.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
