March 27, 2007 12:00 PM, EDT

Diesel Average Price Falls 0.5 Cent to $2.676 a Gallon

Gasoline Continues to Climb, Rising 3.3 Cents to $2.61
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The average national price of retail diesel fuel fell for a second straight week, dipping 0.5 cent to $2.676 a gallon, the Department of Energy reported Monday.Gasoline, meanwhile, rose 3.3 cents to $2.61 a gallon, continuing an upward trend over the past two months. Gasoline has risen 44.5 cents in eight straight weekly increases.The diesel downturns followed six straight weekly increases in which diesel rose 27.2 cents. The price fell 0.4 cent last week.The price of trucking’s main fuel is now 11.1 cents higher at the pump than the same week last year.Crude oil futures closed at $62.91 a barrel on Monday, a three-month high, following increased tensions with Iran that could affect oil supplies from the Persian Gulf region, Bloomberg reported.The diesel price fell in three of five national regions, gaining 1.5 cents in the Rocky Mountains to $2.78, and 0.3 cent in the Gulf Coast region to $2.643.The West Coast price fell a penny to $2.803, the highest nationwide price, while in California, which DOE breaks out separately, the price dipped 0.6 cent to $2.869. Each week, DOE surveys 350 diesel filling stations to compile a national snapshot average price.