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January 29, 2008 10:30 AM, EST

Diesel Dips 1.1¢ to $3.259

Gas Drops 4¢ to $2.977 a Gallon
Bruce Harmon/Trans Pixs

The average national price of diesel fuel fell for a third straight week, dropping 1.1 cents to $3.259 a gallon, the Department of Energy said Monday.

The downturn followed last week’s 5.6-cent drop and a decline of a nickel the week before, bringing the three-week drop to 11.7 cents.

Gasoline, meanwhile, fell 4 cents to $2.977, the first time in five weeks the price has been below $3 a gallon.

Diesel’s price is now 84.6 cents higher than the same week last year, while gasoline is 81.2 cents higher, DOE said.

The price fell in all five regions, led by a 2.6-cent drop on the West Coast, to $3.301 a gallon.

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