Diesel Declines 2.4¢ to $2.748 a Gallon; Gas Falls 3.5¢
Diesel and gasoline prices both fell Monday as crude oil held near a two-month low, with diesel falling 2.4 cents to $2.748 a gallon and gas declining 3.5 cents to $2.599, the Department of Energy said.
Diesel’s decline was the biggest since a 2.7-cent drop Sept. 7 and it has fallen 6 cents in the past six weeks, following a 22.6-cent gain in the previous four weeks.
Despite the decline, the price is 32.6 cents over the same week last year, according to DOE records.
Gasoline, meanwhile, fell for the fourth time in six weeks, marking the biggest drop since a 3.7-cent downturn four weeks ago, DOE said following its weekly survey of filling stations Monday.
The decreases paralleled crude oil prices, which have slipped over the past two weeks to a two-month low below $70 a barrel.
Crude closed on the New York Mercantile Exchange Monday at $69.51, down 36 cents from Friday and the lowest price since late September.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
