Diesel Falls 4.6¢ to $2.496 in Fourth Straight Drop
Diesel fuel fell 4.6 cents to $2.496 a gallon, its fourth straight decline, the Department of Energy said Monday.
The downturn left trucking’s main fuel $2.222 below the same week last year — the same differential as last week versus a year ago, when diesel hit its all-time record of $4.764 a gallon on July 14, 2008.
Diesel has now fallen by 12 cents. Prior to that, it gained 43.1 cents in seven weeks of increases through June 22.
Gasoline, meanwhile, fell 6.5 cents to $2.463 a gallon, also its fourth straight decline, during which time it has fallen 22.8 cents.
Gas moved higher than diesel last week for the first time in two months, but Monday’s price left it lower than diesel by 3.3 cents.
Monday’s gas price is $1.601 below same week last year. Gasoline hit a record $4.114 on July 7, 2008.
Oil prices crept up in the past week, from under $60 a barrel on July 10 to near $65 early Monday before finishing the day up 48 cents at $64.04, Bloomberg reported.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
