The national average price per gallon of diesel gasoline decreased for the eighth consecutive week, according to data issued today by the Department of Energy’s Energy Information Administration (EIA).
Falling 3.6 cents, the national average came in at $3.451, for the week of June 2, following a 4.9-cent decrease, to $3.487, for the week of May 26. 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 12.8-cent decline and they 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 27.5 cents, slightly below the 27.1-cent decrease, for the week of May 26.
WTI crude is currently trading at $62.97 on the New York Mercantile Exchange, ahead of the $62.19 reading a week ago at this time.
