Diesel Drops 4.9¢ to $4.086; Gasoline Declines 5.2¢ to $3.826
Diesel fell 4.9 cents to $4.086 and gasoline also fell, marking the first downturns for both fuels in 12 weeks, the Department of Energy reported.
Gasoline fell 5.2 cents to $3.826 a gallon, DOE said Monday following its weekly surveys of filling stations.
Despite the downturns, diesel is now 30 cents higher than the same week last year, while gasoline is 31.7 cents more expensive than a year ago.
The diesel decrease was the biggest since June 25, when it fell 5.1 cents. Gasoline fell 8.1 cents in its last decline, on July 2.
Diesel had risen 48.7 cents in the previous 11 weeks of increases, while gasoline rose 52.2 cents, according to DOE figures.
The declines followed lower oil prices, as crude futures fell almost $1 Monday to close at $91.93 a barrel on the New York Mercantile Exchange. That’s down more than $7 since crude closed at a four-month-high $99 a barrel on Sept. 14, Bloomberg reported.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
