Diesel Slides 1.4¢ to $3.821 in Eighth Straight Decline
Diesel’s national average price fell for the eighth straight week, dipping 1.4 cents to $3.821 a gallon, the Department of Energy reported Aug. 25.
The decline left trucking’s main fuel 9.2 cents less than the corresponding week last year, DOE said after its weekly survey of filling stations.
Diesel has dropped in 15 of the past 17 weeks and in 20 of the 24 weeks since mid-March when it was $4.021 — 20 cents over the current price and the highest in almost a year.
Gasoline fell 1.8 cents, to $3.454 a gallon, DOE said after its weekly survey of filling stations. Gas also has declined for eight straight weeks, falling almost 25 cents in that period.
Crude oil fell to its lowest level in seven months Aug. 25, slipping 30 cents to $93.35 a barrel on the New York Mercantile Exchange after reports of high U.S. inventory levels, Bloomberg News reported.
Each week, DOE surveys about 400 diesel filling stations and 800 gasoline stations to compile national average prices.
