The national average price per gallon for diesel gasoline saw its third straight week of strong gains, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA).
Rising 5.5 cents, the national diesel average, for the week of January 24, came in at $3.780 per gallon, on the heels of a 6.8-cent increase, to $3.725, for the week of January 17. This followed a 4.4-cent increase, to $3.657 per gallon, for the week of January 10. These two weeks of gains were preceded by eight consecutive weeks of declines, including: a $0.002-cent decrease, to $3.613 per gallon, for the week of January 3, a $1.1-cent decrease, to $3.615 per gallon, for the week of December 27, a $2.3-cent decrease to $3.626 per gallon, for the week of December 20, a $2.5 cent decrease to $3.649, for the week of December 13.
For the week of October 11, the national diesel average increased 10.9-cents, which represented the highest single increase, since September 4, 2017, which saw a 15.3-cent increase, due to Hurricane Harvey.
That was preceded by a 7.1-cent increase, to $3.477 per gallon, for the week of October 4, which, at the time, marked its highest weekly increase since the week of March 8, when it also headed up 7.1 cents.
This week’s national diesel average is up $1.064 annually, topping the annual spreads of $1.029 and 98.7 cents, for the weeks of January 17 and January 10, respectively. West Texas Intermediate Crude oil is currently trading at $83.72 on the New York Mercantile Exchange.