Diesel average heads up 1.1 cents
The United States Department of Energy’s Energy Information Administration (EIA) reported this week that the average price per gallon for diesel gasoline headed up 1.1 cents to $2.787 per gallon this week.
The increase comes on the heels of a 1.6 cent decline last week, which was preceded by a 0.4 cent increase to $2.792 the week of October 1. There was a 0.03 cent decline from the week of September 18 to the week of September 25, when the weekly average checked in at $2.788. The week of September 18 saw the weekly price dip $0.011 to $2.791 per gallon, which snapped a stretch of previous weekly gains, , due to the impact of Hurricanes Harvey and Irma on freight transportation and logistics operations. From the week of August 28 to the week of September 4 after Harvey hit Texas that week’s average price jumped 15.3 cents to $2.758 per gallon, which at that time was the highest weekly level going back to $2.782 from the week of July 20, 2015 and the largest weekly gain since March 2011.
On an annual basis, this week’s average price per gallon is up 30.6 cents down form last week’s annual spread of 33.1 cents.
The average price per barrel of West Texas Intermediate Crude oil on the New York Stock Exchange is $51.87.
