Diesel Drops Again, Declining 2.1¢ to $3.817; Gasoline Drops 8.1¢ to $3.496
Diesel continued its string of recent downturns, falling 2.1 cents to $3.817 a gallon, the biggest of its six straight declines, while gasoline plunged more than 8 cents, the Department of Energy reported.
Gasoline dove 8.1 cents to $3.496 a gallon — its biggest drop this year — led by a 15.2-cent plunge in the Midwest region to $3.394, DOE said Monday following its weekly survey of filling stations.
Gas has plunged almost 50 cents in the past three weeks in the Midwest, dropping 47.4 cents following a jump of more than 40 cents from mid-April to mid-June.
Diesel has slipped 7.3 cents in the past six weeks. Prior to that, trucking’s main fuel rose 4.5 cents in two straight upturns.
Monday’s decline leaves diesel 16.9 cents higher than the same week last year, and the price at its lowest since it was $3.796 last July 30.
Diesel dropped in all regions and sub-regions surveyed by DOE, with the biggest in the Midwest, a 3.2-cent drop to $3.815.
Gasoline is 14 cents higher than the same week last year. Its weekly decline was the biggest since a 9.5-cent drop in mid-December, and its price is the lowest since late January, DOE records showed.
Each week, DOE surveys about 400 diesel filling stations and 800 gasoline stations to compile national average prices.
