National diesel average heads down for the fifth consecutive week, reports EIA

The national average price per gallon of diesel gasoline was down, for the week of November 27, falling for the seventh time over the last ten weeks, and the fifth consecutive week, according to data issued today by the Department of Energy’s Energy Information Administration (EIA).

The national average fell 6.3 cents, to $4.146 per gallon, following an 8.5-cent decline, to $4.209 per gallon, a 7.2-cent decline, to $4.294 per gallon, for the week of November 13, and an 8.8-cent decline, to $4.366, for the week of November 6.

Prior to that was a 9.1-cent decline, to $4.454, for the week of October 30, which was preceded by a 10.1-cent gain, to $4.545, per gallon, for the week of October 23. That marked the highest weekly gain since a 13.9-cent increase, to $4.378, for the week of August 14. Over the last four weeks, the national diesel average has fallen a cumulative 31.4 cents. 

With a 5.4-cent decrease, the national average, for the week of October 16, was $4.444 per gallon, following a 9.5-cent increase, to $4.498 per gallon, for the week of October 9, and a slight 0.007-cent increase, to $4.593, for the week of October 2, and a 4.7-cent decline, to $4.586, for the week of September 25.

The decline, for the week of September 25, was the first weekly decline going back to the week of July 24, a ten-week stretch, which saw the national average rise 87.2 cents over that period.  

In previous weeks leading up to the week of September 25, the national average saw a 9.3-cent increase, to $4.633 per gallon, for the week of September 18, and a 4.8-cent increase, for the week of September 11, to $4.50 per gallon.

Compared to the same week a year ago, the national average was down 99.5 cents, below the annual declines over the weeks of November 20 and November 13, at $1.024, and $1.019, respectively.

The average price per barrel of WTI crude is currently trading at $75.65 per barrel on the New York Mercantile Exchange, slightly above the $74.68 reading a week ago at this time.