The national average weekly price per gallon of diesel gasoline declined, for the fourth consecutive week, according to data issued today by the Department of Energy’s Energy Information Administration (EIA).
With a 4.1-cent decline, the national average, for the week of August 18, came in at $3.713, following a 4.6-cent decline, to $3.754, for the week of August 11, a 0.005-cent decline, to $3.800, for the week of August 4, and a 0.007-cent decrease, to $3.805, for the week of July 28, for a cumulative 9.2-cent gain over that period.
Those four weeks of declines were preceded by a 5.4-cent increase, to $3.812, for the week of July 21, a 1.9-cent increase, to $3.758, for the week of July 14, a 1.2-cent increase, to $3.739, for the week of July 7, and a 4.8-cent decline, to $3.727, for the week of June 30.
This followed a 20.4-cent increase, to $3.775, for the week of June 23, a 10.0-cent increase, to $3.571, for the week of June 16, which, at that time, represented the largest weekly increase since the week ending August 1, 2023, when the national diesel average jumped 22.2 cents to $4.127. The national average, for the week of June 9, at $3.471, rose $0.02, with the gains over the three week-period, through June 23 up a cumulative 32.4 cents.
On an annual basis, the national average is up 2.5 cents, down from a 5.0-cent annual difference, for the week of August 11. WTI crude is currently trading at $62.84 on the New York Mercantile Exchange, down from $63.25 a week ago at this time. A recent Bloomberg report stated that United States oil production is pegged to fall in 2026, with prices expected to decline, citing the EIA’s short-term energy outlook. Which projected that U.S. crude output will come in at 13.28 million barrels per day next year, lower than the previous July prediction of 13.37 barrels per day. This would represent the first annual production drop going back to 2021.
