Diesel Dips 1.6¢ to $4.057 in Fourth Straight Decline
Diesel dipped 1.6 cents to $4.057 a gallon, its fourth straight decline and the fifth in six weeks, as oil hit a three-month low and gasoline also fell, the Department of Energy said Monday.
Gasoline dropped 4 cents following a 4-cent decline last week, leaving the price at $3.79 a gallon. Gas has declined 15.1 cents in five straight declines.
The diesel downturn left trucking’s main fuel 4.7 cents below the same week a year ago, while gas is 17.5 cents lower, DOE said following its weekly survey of filling stations.
Diesel has slid 9.1 cents in the past four weeks. Despite that decline, this week’s price is 27.4 cents over the year’s low $3.783, reported on Jan. 2.
After closing Friday below $100 for the first time since February, oil prices fell 55 cents Monday to settle at $97.94 a barrel the New York Mercantile Exchange, the lowest closing price in three months, Bloomberg reported.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
