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June 5, 2007 10:30 AM, EDT

Diesel Dips 1.8¢ to $2.799; Gas Falls 5.2¢ to $3.157

Bruce Harmon/Trans Pixs

Diesel fuel’s national average retail price fell 1.8 cents to $2.799 a gallon, while gasoline dropped more than a nickel to $3.157, the Department of Energy reported Monday.

The diesel downturn followed gains of 1.4 cents last week and 3 cents two weeks ago, which had in turn followed four straight declines for trucking’s main fuel.

Diesel is now 9.1 cents less than the same week last year, but 38.6 cents higher than its 2007 low of $2.413, set on Jan. 29, according to DOE figures.

The 5.2-cent drop in gasoline's average was second straight decline coming off the $3.218 record high set two weeks ago.

Gas is now 26.5 cents higher than the same week last year.

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