The national average price per gallon of diesel gasoline fell for the eighth consecutive week, according to data issued by the Department of Energy’s Energy Information Administration (EIA).
With a 0.007-cent decline, the national diesel average now stands at $2.976, following recent declines of 0.011 cents, 0.021 cents, 1.0-cents, 0.07-cents, and 0.004-cents, respectively, over the previous six weeks. The national diesel average has risen twice in the last 15 weeks.
This average price per gallon also marked the third time it fell below $3 per gallon after 26 consecutive weeks above the $3 per gallon mark.
On an annual basis, this week’s average is down 27.6 cents.
West Texas Intermediate Crude oil is currently trading at $55.38 per barrel on the New York Mercantile Exchange.