Diesel Drops a Dime to $2.515; Gas Near 5-Year Low at $1.699
Diesel fuel’s national average price fell by a dime to $2.515 a gallon, while gasoline fell 11.2 cents to near a five-year low, the Department of Energy said Monday.
The downturn left trucking’s main fuel 81 cents below the same week last year, DOE said following its weekly survey of filling stations.
Diesel has now fallen almost $2.25 a gallon since its record $4.764 set on July 14, and is at its lowest level since Feb. 19, 2007, when it was at $2.491.
Gasoline, meanwhile, also continued to fall, declining 11.2 cents to $1.699 a gallon, and has fallen $2.415 since its $4.114 record set on July 7.
Gas is at its lowest level in almost five years, since it was $1.688 a gallon on Feb. 23, 2004.
Crude oil fell to near $40 a barrel on Friday, its lowest price in almost four years, declining 25% over the past week, Bloomberg reported.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
