Diesel Drops 3.2¢ to $2.924 a Gallon
Diesel fuel’s national average fell 3.2 cents to $2.924 a gallon, its seventh decline in eight weeks and matching the lowest price since mid-March, the Department of Energy said Tuesday.
The downturn followed last week’s half-cent dip and left diesel 33 cents higher than the same week last year, DOE said following its weekly survey of filling stations
Trucking’s main fuel has fallen 20.3 cents since mid-May, following a 37.1-cent runup over the prior three months, according to DOE records.
Gasoline also fell, dropping 3.1 cents to $2.726 a gallon. That marked its sixth decline in eight weeks and left it 11.4 cents over the same week last year.
It was gasoline’s biggest decline since a 5.8-cent drop on May 31, and the motor fuel has fallen 17.9 cents since May 10.
Oil prices fell almost $7 last week, closing at $72.14 a barrel Friday on the New York Mercantile Exchange, Bloomberg reported.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price. This week’s survey was released Tuesday due to the Independence Day holiday on Monday.
