EIA reports diesel prices are up for third straight week
Rising 1.1 cents, the national average checked in this week at $2.491 per gallon, with the average heading up a cumulative 2.6 cents over the last three weeks.
The national average price per gallon of diesel gasoline saw its third straight weekly increase, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA).
Rising 1.1 cents, the national average checked in this week at $2.491 per gallon, with the average heading up a cumulative 2.6 cents over the last three weeks.
This 1.1 increased comes on the heels of 0.9 cents and 0.6 cents the previous two weeks and follows follows three consecutive weeks of declines of 3.5 cents, 4 cents, and 0.7 cents, respectively.
These declines stretched back to the week of May 29, which was up 3.2 cents, and was preceded by five straight weeks of declines of 0.5 cents, 2.1 cents, 1.8 cents, 1.2 cents, and 0.2 cents over the previous five weeks for a cumulative 5.8 cent decline going back to the week of April 17.
West Texas Intermediate crude oil is currently trading at $46.65 on the New York Mercantile Exchange.
The EIA’s Short-Term Energy Outlook is calling for WTI crude to average $48.95 in 2017 and $49.58 in 2018, with diesel pegged at $2.59 per gallon on 2017 and $2.71 per gallon in 2018.
