Diesel Dips 0.9¢ to $2.87 for First Decline in Four Weeks
Diesel and gasoline fell for the first time in a month, with diesel dipping 0.9 cent to $2.87 a gallon, the Department of Energy said Tuesday.
Gasoline dropped 1.2 cents to $2.739 a gallon, DOE said following its weekly survey of filling stations.
The national average downturns followed three straight increases in which diesel had jumped 15.3 cents and gas gained 16.2 cents.
The diesel dip left it 57.4 cents higher than the same week last year, while gas is 89.2 cents higher than a year ago, according to DOE figures.
Oil prices fell for five straight trading days last week, with its closing price slipping below $80 for the first time this year Thursday, Bloomberg reported.
Crude gained about $1 Monday, closing just over $79 a barrel on the New York Mercantile Exchange, Bloomberg said.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price. This week’s survey was released Tuesday because of the Martin Luther King Day holiday on Monday.
