Tuesday, August 13, 2013
Diesel Fuel Declines Second Straight Week
Diesel dipped 0.6 cent to $3.909 a gallon, the first downturn following four increases, while gasoline dropped for a second straight week, the Department of Energy reported.
Gas fell 1.4 cents to $3.632 a gallon, DOE said late Monday following its weekly survey of filling stations.
Diesel had gained nearly a dime in the previous four weeks, while gasoline fell more than 19 cents in the two weeks prior to this week and last week, in which it fell a nickel.
Despite the slide, Monday’s diesel price is 5.9 cents above the same week last year. Gas is 1.3 cents less than the same week last year.
Oil fell 38 cents Monday but held over $106 a barrel on the New York Mercantile Exchange, Bloomberg News reported. Crude futures slipped to $106.56 a barrel on the Nymex.
Each week, DOE surveys about 400 diesel filling stations and 800 gasoline stations to compile national average prices.