Diesel average drops for the second straight week, reports EIA

The national average price per gallon for diesel gasoline dropped for the second straight week, according to the Department of Energy’s Energy Information Administration (EIA).

With a 1.9 cent decrease, the average price per gallon is now $3.220. This follows a 0.4 cent decrease last week. Prior to the last two weeks of declines, the national diesel average was up 0.7 cents and 2.0 cents, respectively.

And those gains came on the heels of a four-week stretch of declines, which saw the national diesel average fall a cumulative 7.2 cents, with declines of 2.8 cents, 2.2 cents, 1.9 cents, and 0.3 cents, respectively.

Prior to that four-week stretch of declines, the average price per gallon rose a cumulative 27.8 cents. Despite these declines, the diesel average has remained above the $3 per gallon mark since the week of March 26, when it was at $3.01 per gallon.

Compared to the same week a year ago, the national diesel average is up 71.3 cents, down from annual spreads of 74.8 cents and 76.2 cents, respectively, over the previous two weeks.

The average price per barrel of West Texas Intermediate crude is at $67.81, down from $68.06 last week.