Diesel Falls 9.3¢ to $2.422
Diesel fuel’s national average price fell 9.3 cents to $2.422 a gallon, while gasoline’s decline slowed, the Energy Department said Monday.
The downturn left trucking’s main fuel 88.7 cents below the same week last year, DOE said following its weekly survey of filling stations.
Diesel has now fallen by $2.342 since the record $4.764 set July 14, and is at its lowest level since Jan. 29, 2007, when it was $2.413 a gallon.
Gasoline, meanwhile, also continued to fall, though less than diesel, declining 4 cents to $1.659 a gallon, leaving it $1.339 below the same week last year, DOE said.
Gas has fallen $2.455 since its $4.114 record set on July 7 and is at its lowest level in almost five years, since it was $1.648 a gallon on Feb. 16, 2004.
Oil prices fell $1.77 Monday, closing at $44.51 a barrel on the New York Mercantile Exchange, Bloomberg reported.
The downturn came as a report showed Chinese crude oil processing fell to the lowest level in 15 months and signs that OPEC cuts may be insufficient to bolster prices, Bloomberg said.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
