Diesel Drops 7.3¢ to $3.021
Diesel took its biggest drop in almost a year and a half, declining 7.3 cents to $3.021 a gallon, while gasoline also tumbled, the Department of Energy reported.
Gas plunged 7.8 cents to $2.786 a gallon, marking the second straight decline for both fuels, DOE said Monday following its weekly survey of filling stations.
The diesel downturn — the biggest since a 9.3-cent plunge on Dec. 15, 2008 — was the just the third in the past 14 weeks.
It left trucking’s main fuel at its lowest price since early April and 74.7 cents higher than the same week a year ago,
Diesel has fallen 10.6 cents in the past two weeks. Prior to that, it rose 37.1 cents since mid-February, with just one other downturn, a 0.7-cent dip in late March.
Gas had gained almost 30 cents in its upward run since mid-February, before falling 11.9 cents in the past two weeks.
The motor fuel has fallen just four times in the past 14 weeks and Monday’s price was the lowest since March 8.
The declines followed sharp downturns in crude oil prices this month, from more than $86 on April 30 to below $70 last week on the New York Mercantile Exchange, Bloomberg reported.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
