National diesel average increases for the 11th straight week, reports EIA

The national average price per gallon of diesel gasoline headed up for the 11th consecutive week, for the week of January 18, according to data issued this week by the Department of Energy’s Energy Information Administration.  

The national average—at $2.696—increased 2.6 cents, following gains of $0.03 cents, to $2.670, for the week of January 11, a 0.005-cent increase, to $2.64, for the week of January 4, a 1.6-cent increase, to $2.635, for the week of December 28, a $.06-cent increase, to $2.619, for the week of December 21, a 3.3-cent increase, to $2.559, for the week of $2.559.

Going back to the week of November 9, which kicked off this 11-week stretch of increases, the national average has headed up a cumulative 31.3 cents. And the national average has been below the $3 per gallon mark since the week of February 2, when it posted an average of $2.956. 

On an annual basis, this week’s national average is down 34.1 cents, below the 39.40-cent annual spread, for the week of January 11.  

West Texas Intermediate Crude is currently trading at $53.29 per barrel on the New York Mercantile Exchange.