Diesel Drops 2.5¢ to $3.949 in Second Straight Decline; Gas Drops 5.2¢ to 12-Week Low
Diesel fell 2.5 cents to $3.949 a gallon, its second straight decline and the biggest single-week downturn in five months, the Department of Energy reported.
Gasoline, meanwhile, fell 5.2 cents to $3.495 a gallon, a 12-week low, DOE said Sept. 23 following its weekly survey of filling stations.
The diesel decline — the biggest since a 3.1-cent downturn April 29 — followed last week’s 0.7-cent dip. The price was $3.981 in each of the two weeks prior to that, the highest since April.
Diesel is 13.7 cents below the same week last year, while gasoline is 33.1 cents less than it was a year ago, DOE figures showed.
Despite the recent slides, trucking’s main fuel has held at or above $3.90 a gallon for the past six weeks.
Diesel held over that level for three months from mid-January to mid-April before sliding to the mid-$3.80s from April through July.
Oil, meanwhile, fell more than $1 on Sept. 23 to finish at a six-week low $103.59 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.
