Diesel Price Falls for Fourth Week, Slipping 1.1¢ to $2.859

U.S. Department of Energy

Diesel’s national average price dipped 1.1 cents to $2.859 per gallon, the fourth consecutive decrease, while gasoline’s price fell for the first time since mid-April, the Department of Energy reported June 22.

The decline left it $1.06 less than a year ago, DOE said after its weekly survey of filling stations, and trucking’s main fuel has declined 5.5 cents in the past month.

Gasoline declined 2.3 cents to $2.812 a gallon, the first downturn in 10 weeks, DOE reported. The decline left the price 89.2 cents below a year ago.

Oil held near $60 a barrel on the New York Mercantile Exchange, finishing June 22 trading up 7 cents at $59.68 a barrel, Bloomberg News reported.



Crude futures have held around the $60 mark for the past two months. Oil peaked at $107.26 per barrel June 20, 2014, and was over $100 a barrel for most of May, June and July last year.

Each week, DOE surveys about 400 diesel filling stations and 800 gasoline stations to compile national average prices.

 

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