Diesel average sees slight decline

Following multiple weeks of gains, the average price per gallon of diesel gasoline saw a slight decline this week, according to data issued by the Department of Energy’s Energy Information Administration (EIA).

With a 0.3-cent decline, the current price per gallon average now stands at $2.912. This follows gains of 3.3 cents, 2.2 cents 1 cent, and 0.4 cents, respectively over the previous four weeks.  What’s more, the represents the first weekly decline going back to the week of October 9, when the average dropped 1.6 cents to $2.776.

Last week’s average of $2.915 remains the recent highest weekly price, topping the week of June 15, 2015, when it was at $2.87.

Compared to the same week a year ago, the average price is up 49.1 cents, ahead of last week’s 47.2-cent spread.

WTI crude oil is currently trading at $56.09 per barrel on the New York Mercantile Exchange, keeping it in line with last week’s average of $56.76.