Following nine consecutive weeks of gains, the national average price per gallon of diesel gasoline saw a decline, for the week of September 25, according to data issued today by the Department of Energy’s Energy Information Administration (EIA).
With a 4.7-cent decline, the national average came in at $4.586 per gallon. This came on the heels of 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.
This followed 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 nine-week period of gains, through the week of September 18, the national diesel average increased a cumulative 82.7 cents.
The nine weeks of gains prior to this week 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 30.3-cents annually, less than annual decreases seen over the previous three weeks, at 33.1 cents, 49.3 cents, and 59.2 cents, respectively. WTI crude oil is trading at $90.42 on the New York Mercantile Exchange, down from $92.87 a week ago at this time.