Diesel Declines for Ninth Week, Falling 3.6¢ to $3.851; Gas Dips 1.6¢
Diesel fell for the ninth straight week, dropping 3.6 cents to $3.851 per gallon, the Department of Energy reported Monday.
The decline left trucking’s main fuel at its lowest level since it was $3.85 on Aug. 6, according to DOE records.
Gasoline dipped 1.6 cents to $3.52 a gallon, also its ninth straight decline, DOE said following its weekly survey of filling stations.
Diesel has dropped 30.8 cents in the past two months and is now 22.2 cents below the same week last year.
Gasoline has slid 26.4 cents in its nine declines and is now 31 cents less than it was a year ago.
Oil prices, meanwhile, rose Monday to their highest level in two weeks, Bloomberg News reported.
Crude futures gained $1.50 to finish the trading day at $94.50 a barrel on the New York Mercantile Exchange, Bloomberg said.
Oil had closed below $90 a barrel every day during the week of April 15, the first time this year that oil held below that level for an entire week.
Each week, DOE surveys about 400 diesel filling stations and about 800 gasoline stations to compile national average prices.
