National diesel average sees slight gain, reports EIA

The national average price per gallon for diesel gasoline was up again this week, according to data issued by the Department of Energy’s Energy Information Administration (EIA).

With $0.03-cent increase, the national diesel price now stands at $3.271 per gallon.

This marks the fifth straight week of gains, following respective increase of 1 cent, 0.6 cents, 0.26 cents, and 1.9 cents over the previous four weeks.

On an annual basis, the average price per gallon is up 48.3 cents.

West Texas Intermediate Crude oil is currently trading at $70.04 on the New York Mercantile Exchange, which is ahead of last week’s average of $68.71.

The EIA’s Short-Term Energy Outlook pegs the average prices for diesel to be $3.15 and $3.11 in 2018 and 2019, respectively, with WTI a $66.21 and $64.34 for the same period.