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Diesel Falls for Second Week, Declining 2.9¢ to $3.833; Gas Drops 6¢ to $3.601

9/20/2011 8:45:00 AM
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Diesel’s national average pump price fell for a second straight week, declining 2.9 cents to $3.833 a gallon, the Department of Energy reported Monday.

Gasoline, meanwhile, dropped 6 cents to $3.601, also its second straight decline, DOE said following its weekly surveys of filling stations. It was the biggest drop in three months.

The diesel downturn — which followed a 0.6-cent dip last week that had been preceded by two increases — left it 87.3 cents over the same week last year.

Gasoline’s decline followed a 1.3-cent drop last week and left it 87.8 cents over a year ago, according to DOE records.

The $3.81 diesel price four weeks ago was the lowest since February, and trucking’s main fuel is now 29.1 cents below the year’s high of $4.124 set May 2, which was the highest since August 2008.

Crude oil fell more than $2 Monday to a three-week low closing price of $85.70 a barrel on the New York Mercantile Exchange, Bloomberg reported.

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

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Diesel Falls for Second Week, Declining 2.9¢ to $3.833; Gas Drops 6¢ to $3.601 (9/20/2011 8:45:00 AM)
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