Diesel Drops Another Dime, Falling to $4.502 a Gallon
The price of diesel fuel continued its recent decline, falling 10.1 cents to $4.502 a gallon, the lowest price in 11 weeks, the Department of Energy said Monday.
Including last week’s 11.5-cent drop — the biggest in nearly two years — diesel has plunged 26.2 cents in the past three weeks from the record $4.764 set on July 19.
Gasoline, meanwhile, continued its downward track, falling 7.5 cents to $3.88 a gallon, DOE said following its weekly survey of filling stations.
Gas is now $1.042 higher than last year and has fallen 23.4 cents from the $4.114 record set a month ago on July 7.
Despite the downturn, diesel is $1.604 higher than the same week last year, according to DOE figures.
The decline was led by regional downturns of 12 cents in the Gulf Coast region to $4.45, and 10.2 cents on the West Coast, to $4.664 a gallon.
The sub-regions of California and New England had the highest prices at, respectively, $4.781 and $4.735 a gallon.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
