Diesel Tumbles 19.4¢ to $3.288; Gas Plunges 25.8¢ to $2.656
Diesel’s national average pump price fell for the 14th time in 15 weeks, declining 19.4 cents to $3.288 a gallon, its lowest price since February, the Department of Energy said Monday.
The downturn left trucking’s main fuel just 13.1 cents over than the same week last year and $1.476 below the $4.764 record set on July 14.
Gasoline, meanwhile, plunged 25.8 cents to $2.656 a gallon, leaving it 21.6 cents below the same week last year.
Gas topped out at a record $4.114 a gallon on July 7; since then, it has declined $1.458.
Diesel and gasoline’s steep declines have paralleled that of oil in the past three months.
Oil — which has declined more than 50% since its $145.18 per-barrel closing-price record set July 14 — fell to below $62 a barrel Monday, on concerns over world economic growth and lower demand, the Associated Press reported.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
