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HomeSourcingNational diesel average sees a decline for fifth consecutive week, reports EIA

National diesel average sees a decline for fifth consecutive week, reports EIA


The national average price per gallon, for the week of October 3, fell for the fifth consecutive week, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA).

With a 5.3-cent decline, the national average, for the week of October 3, came in at $4.836 per gallon. This followed a 7.5-cent decline, to $4.889, for the week of September 26 and a 6.9-cent decline, to $4.964, for the week of September 19. Those declines were preceded by a 5.1-cent decline, to $5.033, for the week of September 12. For the week of September 5, the national diesel average dropped 3.1-cents, to $5.084, which was preceded by a 20.6-cent gain, for the week of August 29, to $5.115.

That gain was preceded by nine straight weeks of declines, from the week of June 27 through the week of August 22, which represented a cumulative decline of 87.4 cents.

For the week of August 22, the national average fell 8.2 cents, to $4.909 and was preceded by a 0.002-cent decline, to $4.991, for the week of August 15. The national average price per gallon of diesel, for the week of August 8—at $4.993—fell 14.5 cents annually, following declines of 13 cents, for the week of August 1, and 16.4 cents, for the week of July 25, which represents the steepest annual decline going back to the week of October 27, 2008, when it fell 19.4 cents, to $3.288.

Compared to the same week a year ago, this week’s diesel average is up $1.359. And West Texas Intermediate Crude oil is currently trading at $87.97 on the New York Mercantile Exchange.


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BtoB Central Staff
BtoB Central Staffhttps://btobcentral.com
Btobcentral is dedicated to business news.
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