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4/16/2012 4:50:00 PM Write a Letter to the Editor Write a letter to the Editor

Diesel Drops 2.1¢ to $4.127; Gasoline Declines Again

Diesel Decline Is Third in Past 15 Weeks

Larry Smith/Trans Pixs

Diesel fell for the second time in three weeks — but just the third since early January — dropping 2.1 cents to $4.127 a gallon, the Department of Energy said Monday.

Gasoline, meanwhile, fell for a second straight week, dropping 1.7 cents to $3.922, DOE said following its weekly survey of filling stations.

Diesel is now 2.2 cents higher than the same week a year ago, while gas is 7.8 cents higher, according to DOE records.

Last week’s $4.148 diesel price was the highest since trucking’s main fuel was $4.208 on Aug. 18, 2008.

Monday’s diesel decline was the biggest this year — the most since a 3.7-cent downturn on Dec. 26. Gasoline’s was the biggest since a 5.7-cent drop on Dec. 19.

Diesel has gained a cumulative 34.4 cents since registering a year-low $3.783 on Jan. 2.

Gasoline has gained 69.3 cents since mid-December, registering gains in 14 or of the past 17 weeks.

Crude oil rose a dime Monday to finish the New York Mercantile Exchange trading day at $102.93 a barrel, Bloomberg reported.

Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.

By Transport Topics

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