Diesel Slips 1.5 Cents to $3.410
Diesel prices edged back from record levels on Monday, falling 1.5 cents to $3.410 a gallon, the Department of Energy reported.
Retail gasoline prices, meanwhile, fell 1.2 cents to $3.099 a gallon, DOE said.
The slight downturn in the diesel average follows five consecutive increases that saw the the cost of a gallon rise 39 cents from early October levels to an all-time high of $3.425 on Nov. 12, according to DOE.
The average price of trucking’s main fuel fell in six of eight DOE regions, increasing only in the New England and Central Atlantic regions. In California, which DOE breaks out separately, diesel fuel fell 3.9 cents to 3.624.
Meanwhile, crude oil prices rose 80 cents to $94.64 a barrel at the close of floor trading on the New York Mercantile Exchange after members of the Organization of Petroleum Exporting Countries left their cartel’s production targets unchanged following a weekend meeting.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
