National diesel average falls to $3.048 per gallon to finish 2018
With a 2.9-cent decrease, the national diesel average now stands at $3.048 per gallon, and the average price of diesel has fallen a cumulative 33.2 cents over the 11 consecutive weeks of declines.
The Department of Energy’s Energy Information Administration (EIA) reported this week that the national average price per gallon for diesel gasoline dropped for the 11th straight week for the week ending December 31.
With a 2.9-cent decrease, the national diesel average now stands at $3.048 per gallon, and the average price of diesel has fallen a cumulative 33.2 cents over the 11 consecutive weeks of declines.
Prior to the last 11 weeks of declines, the weekly average price was $3.394 for the week ending October 15, which marked the single highest weekly average going back to the week of December 15, 2014, when it was at $3.419 per gallon, according to EIA data, and the average for the week ending October 8 was $3.385.
Over that nine-week stretch of gains, going back to the week of August 20 to the week of October 15, the national diesel average price increased by 18.7 cents over that span.
On an annual basis, this week’s $3.048 average is up 7.5 cents
West Texas Intermediate crude oil is currently trading at $46.65 per barrel on the New York Mercantile Exchange, up from $45.41 a week ago.
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