Doomsday was at our door for much higher diesel fuel prices and gas prices with several refinery closure that we’re do to happen. It looks like things might be saved as Delta Airline in a very unusual move has bought the Trainer terminal from Phillips 66.
Diesel fell for the third straight week, dipping 1.2 cents to $4.073 a gallon, and gasoline fell for a fourth week. Gasoline dropped 4 cents to $3.83 a gallon. Diesel’s fourth decline in five weeks left it 5.1 cents below the same week a year ago. Last week was the first time diesel fuel was below its year-ago level since Nov. 16, 2009. The $4.148 national average price three weeks ago was the highest since it was $4.208 on Aug. 18, 2008. Gasoline is now 13.3 cents below the same price last year. Before its recent declines, gas gained a cumulative 71.2 cents in 14 gains in 15 weeks from late December through early April.