Diesel Falls 3.7¢ to $3.749 in Fourth Straight Decline; Gas Drops 7.6¢ to $3.433
Diesel fell for a fourth week, declining 3.7 cents to $3.749 a gallon, its lowest level since February, while gasoline dropped 7.6 cents, the Department of Energy said Monday.
Gasoline fell to $3.433 a gallon, its lowest price since it registered $3.383 on Feb. 28. DOE said following its weekly surveys of filling stations.
Monday’s diesel price is the lowest since its national average was $3.716 on Feb. 28.
Diesel’s is now 74.9 cents higher than the same week last year, while gas is 70.1 cents over a year ago, DOE figures showed.
Trucking’s main fuel has declined almost 12 cents in the past month and is now 37.5 cents below the year’s high of $4.124 per gallon set May 3, which had been the highest price in almost three years.
Gasoline has plunged 24.1 cents in the past month, including a downturn of 16.8 cents in the past two weeks.
Crude oil — the main component in end-fuel prices — fell $1.59 Monday to finish the trading day at $77.61 a barrel on the New York Mercantile Exchange, the lowest price in more than a year, Bloomberg reported.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
