Diesel Continues Slow Decline, Dipping 0.9¢ to $3.925 a Gallon
Diesel continued its slow string of declines, sliding 0.9 cent to $3.925 a gallon, the Department of Energy reported May 27.
Gasoline, meanwhile, rose by the same amount, gaining 0.9 cent to $3.674, its first increase in four weeks.
The diesel downturn — the 10th in 13 weeks — left trucking’s main fuel 4.5 cents higher than the same week last year.
Gas is 2.9 cents over a year ago, DOE said following its weekly survey of filling stations.
Diesel has dropped a nickel in the past month and about a dime below its level of March 10, when it was $4.021, its highest level in almost a year.
Oil topped $104 a barrel for the third time in four trading days, dropping 11 cents to $104.11 a barrel on the New York Mercantile Exchange, Bloomberg News reported.
Those three recent closing prices are the only times since mid-April that crude futures have closed over $104 on the Nymex, Bloomberg reported.
Each week, DOE surveys about 400 diesel filling stations and 800 gasoline stations to compile national average prices.
This week’s survey was released on Tuesday because of the Memorial Day holiday Monday.
