The national average price per gallon of diesel gasoline increased for the fifth time in six weeks, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA).
Eking out a 0.005-cent increase, this week’s national average is $2.430, following a 2.20-cent increase to $2.425, for the week of June 22, and a 0.007-cent increase, to $2.403, for the week of June 15, and a 1-cent gain, to $2.386, the week of June 8, a 0.004-cent decline to $2.386 per gallon, for the week ending June 1, and a 0.004-cent increase to $2.390 per gallon, for the week ending May 25. Prior to the week ending May 25, the national diesel average had been down for 19 consecutive weeks, dropping 69 cents over that period.
The national diesel average has been below the $3 per gallon mark since the week ending February 2, when it posted an average of $2.956.
On an annual basis, this week’s diesel average is down 61.2 cents, which trails the 61.8 –cent spread, from the week ending June 22.
West Texas Intermediate Crude is currently trading at $40.69 per barrel on the New York Mercantile Exchange.