The national average price per gallon for diesel gasoline saw its second straight week of strong gains, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA).
With a 6.8-cent increase, the national average, for the week of January 17, came in at $3.725 per gallon, which followed a 4.4-cent increase, to $3.657 per gallon, for the week of January 10. These two weeks of gains were preceded by eight consecutive weeks of declines, including: a $0.002-cent decrease, to $3.613 per gallon, for the week of January 3, a $1.1-cent decrease, to $3.615 per gallon, for the week of December 27, a $2.3-cent decrease to $3.626 per gallon, for the week of December 20, a $2.5 cent decrease to $3.649, for the week of December.
For the week of October 11, the national diesel average increased 10.9-cents, which represented the highest single increase, since September 4, 2017, which saw a 15.3-cent increase, due to Hurricane Harvey.
That was preceded by a 7.1-cent increase, to $3.477 per gallon, for the week of October 4, which, at the time, marked its highest weekly increase since the week of March 8, when it also headed up 7.1 cents.
This week’s national diesel average is up $1.029 annually, topping the 98.7-cent annual spread, for the week of January 10. And West Texas Intermediate Crude oil is currently trading at $86.63 on the New York Mercantile Exchange.