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5/22/2012 1:30:00 PM Write a Letter to the Editor Write a letter to the Editor

Diesel Drops Below $4; Gas Falls Again

Diesel Declines 4.8¢ to $3.956 a Gallon


Bruce Andrew Peters for TT

Diesel fell 4.8 cents to $3.956 per gallon, its sixth straight decline and the first time it has been below $4 in three months, while gasoline fell for the seventh straight week, the Department of Energy said Monday.

The diesel decline leaves it at 4.1 cents below the same week last year and its lowest price since Feb. 13, DOE said following its weekly survey of filling stations.

Gasoline, meanwhile, fell 4 cents to $4.714 a gallon, its lowest price since Feb. 20, according to DOE records.

Trucking’s main fuel has fallen 19.2 cents in the past six weeks, while gasoline has plunged 22.7 cents in seven straight declines, according to DOE records.

The declines parallel plunging oil prices, which have dropped more than $13 in the past three weeks to a seven-month low Friday under $92 a barrel.

Crude futures rebounded Monday with a $1.09 gain to finish at $92.57 a barrel on the New York Mercantile Exchange, 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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