Diesel Falls 5.5¢ to $3.887; Price Is Lowest Since August
Diesel fell 5.5 cents to $3.887 a gallon, its lowest price since early August, the Department of Energy said Monday.
The eighth straight decline was the biggest since an 8.6-cent drop on Oct. 29 and left trucking’s main fuel 19.8 cents below the same week last year. It was the lowest price since $3.85 on Aug. 6.
Diesel has plunged 27.2 cents in the past two months of downturns, after topping out at $4.159 in late February, the highest price since August 2008.
Gasoline, meanwhile, dipped 0.6 cent to $3.536, also its eighth straight decline, DOE said following its weekly survey of filling stations.
Gas is now 33.4 cents under a year ago, and Monday’s price is the lowest since late January. It has slid almost 25 cents in eight weeks of declines.
Crude oil, meanwhile, rose to a one-week high, gaining 75 cents to finish the trading day at $88.76 a barrel on the New York Mercantile Exchange, Bloomberg News reported.
Oil fell last week to its lowest level this year, finishing below $86 a barrel last Wednesday for the first time since mid-December.
Each week, DOE surveys about 400 diesel filling stations and about 800 gasoline stations to compile national average prices.
