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Diesel Falls 2.8¢ to $4.149; Gasoline, Oil Reach Records
Crude Tops $120 a Barrel for First Time
The national average price of diesel fuel fell for the first time in a month, declining 2.8 cents to $4.149 a gallon, the Energy Department said Monday.
Diesel fell in all five regions and the decline was the first in the national average price since a 0.9-cent dip on April 7, DOE said. Last week’s $4.177 was an all-time record high.
The price of trucking’s main fuel is now $1.357 higher than the same week last year and has risen 80.4 cents this year, according to DOE figures.
Retail gasoline rose a penny to $3.613 a gallon, a new record, and is now 55.9 cents higher than a year ago, DOE said following its weekly survey of filling stations.
Meanwhile, oil hit a record high price in intraday trading Monday, pushing past $120 a barrel for the first time, the Associated Press reported.
Crude futures reached a trading record $120.36 a barrel on the New York Mercantile Exchange before retreating to close at $119.97, a record closing price, AP said.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
