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December 4, 2012 8:30 AM, EST
Diesel Dips 0.7¢ to $4.027; Gasoline Drops for Seventh Time in Eight Weeks
Bruce Harmon/Trans Pixs

Diesel fell 0.7 cent to $4.027 a gallon, turning around last week’s 5.8-cent gain, while gasoline fell for the seventh time in eight weeks, the Department of Energy reported Monday.

Gasoline dropped 4.3 cents to $3.394 a gallon, DOE said following its weekly survey of filling stations. The motor fuel has declined 45.6 cents since early October, rising only once, a 0.8-cent gain last week.

The diesel decline leaves trucking’s main fuel 9.6 cents over the same week a year ago, while gasoline is 10.4 cents higher than the same week last year.

Last week’s diesel jump was the biggest in three months, since a 6.3-cent increase on Aug. 27. It had declined 17.4 cents in five consecutive declines before last week’s gain.

Oil, meanwhile, rose 18 cents Monday to finish the New York Mercantile Exchange trading day at $89.09 a barrel, the highest closing price since Nov. 19, Bloomberg reported.

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