The national average price for diesel fuel increased slightly for the second consecutive week, according to the latest data from the U.S. Department of Energy’s Energy Information Administration (EIA).
The price rose by just $0.001, bringing the national average to $3.540 per gallon. This follows a 4.8-cent jump to $3.539 per gallon for the week of November 25. Prior to that, the price had fallen by 3.0 cents to $3.491 for the week of November 18, continuing a downward trend that saw a 1.5-cent drop to $3.521 for the week of November 11. For the week of November 4, the price fell by 3.7 cents to $3.536. Over the span of these three weeks, the national average dropped a total of 8.2 cents.
Before this recent decline, the diesel price had seen some fluctuations. On October 28, the price rose by 2 cents to $3.573, followed by a 7.8-cent drop to $3.553 on October 21. Prior to that, prices had increased by 4.7 cents to $3.631 for the week of October 14, and by 4 cents to $3.584 for the week of October 7. Other recent changes included small increases: a 0.005-cent rise to $3.544 for the week of September 30, and a 1.3-cent increase to $3.539 for the week of September 23.
On an annual basis, the national average diesel price is down by 55.2 cents, compared to a 60.7-cent drop for the week of November 25, 2023.
Meanwhile, West Texas Intermediate (WTI) Crude is currently trading at $69.17 per barrel on the New York Mercantile Exchange, slightly higher than last week’s price of $68.82.
Related Topics:
- EIA Confirms Inventory Increases Across the Board
- Diesel Price Falls 3.7¢ to $3.536 Per Gallon
- EIA Fuel Update Reveals Downward Price Trend for Gasoline