Following two weeks of increases, the national diesel average, for the week of September 13, saw a very slight decline, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA).
Falling 0.001-cents, the weekly average came in at $3.372, following a 3.4-cent gain, to $3.373, for the week ending September 6, and a 1.5-cent increase, to $3.339, for the week of August 30.
Those gains were preceded by a 3.2-cent decline, to $3.324 per gallon, for the week of August 23, a 0.008-cent decrease, to $3.356 per gallon, for the week of August 16. That followed 0.003-cent decrease, to $3.364, for the week of August 9. Those two consecutive weeks of minimal decreases were preceded by a 2.5-cent increase, to $3.367, for the week of August 2, which was preceded by a 0.02-cent decline, to $3.342, for the week of July 26, the first decline it saw in 12 weeks, at the time.
Compared to the same week a year ago, this week’s national average is up 95.0 cents, topping last week’s annual spread, at 93.8 cents.
The national average again topped the $3 per gallon mark for the 24th 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 $70.87 on the New York Mercantile Exchange.