Diesel Dips 0.3¢ to $3.838 a Gallon; Gasoline Drops 4.9¢ to $3.577
Diesel declined for a fifth straight week, dipping 0.3 cent to $3.838 a gallon, while gasoline fell by almost a nickel, the Department of Energy reported.
Gasoline dropped 4.9 cents to $3.577 a gallon, its second straight decline. The pump price is now at its lowest in seven weeks, DOE said late Monday following its weekly survey of filling stations.
With its downturn, diesel has dropped 5.2 cents in the past five weeks. Just prior to that, trucking’s main fuel rose 4.5 cents in two gains.
Monday’s dip leaves diesel 16 cents higher than the same week last year — although the price is the lowest in almost a year, since it was $3.796 per gallon last July 30.
Regionally, diesel prices were mixed, climbing 1.3 cents in California to $4.035, the nation’s highest price, while sliding 1.2 cents in the Midwest to $3.847, DOE figures showed.
Gasoline — which is 14 cents higher than the same week last year — is at its lowest level since it was $3.538 per gallon on May 6.
Gas plunged 19.2 cents in the Midwest region, following a 13-cent drop the previous week. The regional price had jumped by more than 40 cents from mid-April to mid-June.
Crude oil, meanwhile, rose $1.49 on Monday to finish the trading day at $95.18 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.
