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May 1, 2007 11:30 AM, EDT

Diesel Falls 4¢ to $2.811; Gas Jumps 10.2¢ to $2.971

Bruce Harmon/Trans Pixs

Retail diesel fuel fell 4 cents to $2.811 a gallon in a second straight weekly decline, while gasoline soared, the Department of Energy said Monday.

Regular gasoline jumped 10.2 cents to $2.971 a gallon, DOE said following its weekly survey of filling stations.

Last week’s 0.7-cent decline in the gas price was the first in 12 weeks, and gasoline has now jumped 80.6 cents since the year’s low of $2.165 set Jan. 29, according to DOE figures.

Monday’s diesel decline was just the fourth drop in the past 13 weeks, and diesel is now almost 40 cents higher than this year’s low price of $2.413, also set on Jan. 29.

The diesel pump price is 8.5 cents below the same week last year, gas is now 5.2 cents higher than a year ago.

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