National diesel increase heads up for the eighth consecutive week, reports EIA

The national average price per gallon of diesel gasoline was up for the eighth consecutive week, according to data issued today by the Department of Energy’s Energy Information Administration (EIA).

With a 4.8-cent increase, the national average, for the week of September 11, came in at $4.50 per gallon. This came on the heels of a 1.7-cent increase, to $4.492 per gallon for the week of September 4, an 8.6-cent increase, to $4.475, for the week of August 28, followed a 1.1-cent increase to $4.389 per gallon, for the week of August 21, a 13.9-cent increase to $4.378 per gallon, for the week of August 14 an 11.2-cent gain to $4.239 per gallon, for the week of August 7; a 22.2-cent increase, for the week of July 31, which represented the single largest weekly gain since a 40.1-cent increase, for the week of March 14, 2022; and a 9.9-cent increase, to $3.905, for the week of July 24, which now marks the third-largest weekly increase going back to the week of March 14, 2022.

Over the last eight weeks, EIA data points to a cumulative 73.4-cent increase over that period, with the last week showing a decline was a 3.9-cent drop, on July 10.

The last eight weeks of gains were preceded by two weeks of flat national averages, at $3.806, for the weeks of July 7 and July 14, respectively. For the week of July 3, the national average fell 3.4 cents, to $3.767.

The national average is down 49.3 cents annually, less than a 59.2-cent decrease, for the week of September 4. WTI crude oil is trading at $89.14 on the New York Mercantile Exchange.