Diesel Dips 0.7¢ to $4.098 a Gallon; Gasoline Gains 3.5¢ to $3.879
Diesel’s national average dipped less than a penny Monday, falling 0.7 cent to $4.098 a gallon, just the second downturn since Thanksgiving, the Department of Energy said Monday.
Trucking’s main fuel has now increased in 19 of 21 weeks since the end of November, for a cumulative gain of 93.6 cents, DOE said. Monday’s price is $1.02 over the same week a year ago.
Gasoline, meanwhile, crept closer toward the $4 mark, increasing 3.5 cents to $3.879 a gallon, DOE said following its weekly survey of filling stations. The price is over $4 in many areas nationwide.
Gas has also risen in 19 of past 21 weeks — up $1.023 since Thanksgiving — and is $1.03 higher than the same week last year, DOE figures showed.
Diesel’s all-time record high was $4.764, set on July 14, 2008, while gasoline’s was $4.114 a gallon, set a week earlier.
Monday’s diesel dip came despite oil finishing last week’s trading over $112 a barrel, just the second time it has topped that level since September 2008.
Crude futures previously topped $112 on the New York Mercantile Exchange two weeks ago, on April 8. Futures slipped a penny on Monday to finish the Nymex trading day at $112.28 a barrel, Bloomberg reported.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
