Diesel Falls 2.2¢ to $2.957 in Second Straight Drop
Diesel fell for the second straight week, dropping 2.2 cents to $2.957 a gallon, the Department of Energy said Monday.
The two declines followed three weeks of increases, and Monday’s price was 28.9 cents higher than the same week last year, DOE said following its weekly survey of filling stations.
Diesel dipped 1.2 cents last week, which was its first decline in a month. (Click here for previous story.)
Gasoline, meanwhile, fell 4.1 cents to $2.704 a gallon, also its second straight drop. Gas has fallen 7.9 cents in the past two weeks and is just 7.6 cents over the same week a year ago.
Crude oil futures fell 72 cents Monday to close at $73.10 per barrel on the New York Mercantile Exchange, a six-week low, Bloomberg reported.
Oil had traded at more than $80 a barrel in early August before dropping in the past two weeks on concerns about U.S. and global economic growth, Bloomberg said.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
