Diesel Resumes Decline, Slipping 1.3¢ to $3.801
Diesel resumed its downward trend after a one-week hiatus, slipping 1.3 cents to $3.801 a gallon, the Department of Energy reported.
Trucking’s main fuel, which was unchanged last week from the previous week, has not increased for almost three months and has risen just twice since the end of April.
This week’s price is 17.3 cents below the corresponding week a year ago, DOE said after its Sept. 15 survey of filling stations.
The national average price is 22 cents below its 2014 high of $4.021, reached March 10.
Gasoline, meanwhile, fell almost a nickel to $3.408 a gallon, DOE reported.
The 4.9-cent drop was the biggest decline since late July and left the motor fuel almost 14 cents below the same week last year.
Gas has declined in 10 of the past 11 weeks since June, falling almost 30 cents since then.
Oil fell to an eight-month low last week, finishing at $91.67 a barrel Sept. 10 on the New York Mercantile Exchange.
Crude futures rose 65 cents Sept. 15 to finish Nymex trading at $92.92 per barrel, Bloomberg News reported.
Each week, DOE surveys about 400 diesel filling stations and 800 gasoline stations to compile national average prices.
