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10/2/2012 9:30:00 AM Write a Letter to the Editor Write a letter to the Editor

Diesel Dips 0.7¢ to $4.079 a Gallon

Gasoline Declines 2.2¢ to $3.804

Tom Biery/Trans Pixs

Diesel dipped 0.7 cent to $4.079, its second straight decline following 11 weekly increases, and gasoline also fell for a second week, the Department of Energy reported Monday.

Gasoline fell 2.2 cents to $3.804 a gallon, DOE said following its weekly surveys of filling stations.

Despite the downturns, diesel is now 33 cents higher than the same week last year, while gas is 37.1 cents higher, according to DOE figures.

Diesel fell 4.9 cents last week and Monday’s 0.7 cent drop is the smallest decline since early January when it fell half a cent cent.

Oil fell last Wednesday from a four-month high $99 a barrel on Sept. 14 to finish on a New York Mercantile Exchange trading day under $90 a barrel for the first time since Aug. 2.

Crude futures rose 29 cents to finish the trading day Monday at $92.48 a barrel on the Nymex, 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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