Following 12 weeks of gains, the national average price per gallon of diesel gasoline declined, for the week of July 26, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA).
The national average—at $3.342 per gallon—dipped $0.002 cents, following the week ending July 19, at $3.344, the week ending July 12, at $3.388, and the week ending July 5, at $3.331.
Compared to the same week a year ago, this week’s national average is up 91.5 cents, topping the 91.1-cent spread, for the week ending July 19.
Despite its first sequential decline after 12 weeks of increases, the national average again topped the $3 per gallon mark for the 19th consecutive week, going back to the week of March 1, when it came in at $3.072 per gallon. And before the week of March 1, the national average had been below the $3 per gallon mark since the week of February 2, 2020, when it posted an average of $2.956.
West Texas Intermediate Crude oil is currently trading at $71.93 on the New York Mercantile Exchange.
In its Short-Term Energy Outlook, the EIA is pegging the average price per gallon of diesel to come in at $2.97 in 2021, with 2022 forecasted at $2.92. For WTI Crude, it is calling for the 2021 average to be $58.91, with 2022 at $56.99.