The national average price per gallon of diesel gasoline declined for the seventh consecutive week, according to data issued today by the Department of Energy’s Energy Information Administration (EIA).
With a 4.9-cent decline, the national average, for thew week of May 26, came in at $3.487 per gallon. This followed a 6.0-cent decline, to $3.536, for the week of May 19, following a 2.1-cent decline, to $3.476, for the week of May 12, a 1.7-cent decline, to $3.497, for the week of May 5. This was preceded by a 2.0-cent decline, for the week of April 28, following a 4.5-cent decline, to $3.534, for the week of April 21, and a 6.0-cent decline, to $3.579, for the week of April 14. These seven weeks of declines represent a collective 9.2-cent decline.
Those seven weeks of declines were preceded by a 4.7-cent increase, to $3.639, for the week of April 7, 2.5-cent increase, to $3.592, for the week of March 31, and a 1.8-cent increase, for the week of March 24, to $3.567.
On an annual basis, the national average is down 27.1 cents, below the annual declines seen over the previous three weeks, at 25.3 cents, 37.2 cents, and 39.7 cents, respectively.
WTI Crude is currently trading at $61.76 19 on the New York Mercantile Exchange, down from $62.19 a week ago at this time.
