Diesel Drops 5.6¢ to $2.366; Gasoline’s Decline Slows
The national average price of diesel fuel fell 5.6 cents to $2.366 a gallon, while gasoline’s decline slowed to less than a penny, the Department of Energy reported Monday.
The diesel downturn left trucking’s main fuel 94.2 cents below the same week last year, DOE said following its weekly survey of filling stations.
Diesel is now at its lowest point since Aug. 1, 2005, when it averaged $2.348 a gallon, and has fallen almost $2.40 since its record $4.764 set on July 14.
Gasoline, meanwhile, fell just 0.6 cent, to $1.653 a gallon, leaving it $1.327 below the same week last year, DOE said.
Gas has fallen $2.461 since its $4.114 record set on July 7 and is at its lowest level in almost five years, since it was $1.648 a gallon on Feb. 16, 2004.
Oil prices closed below $40 a barrel Friday for the first time in four and half years, Bloomberg reported.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
