Following five weeks of declines, the national average weekly price per gallon of diesel gasoline headed up, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA).
Rising 2.6 cents, the national average came in at $3.734, following a 0.005-cent decline, to $3.708, for the week of August 25. Which was preceded by 4.1-cent decline, to $3.713, for the week of August 18, 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.
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.
On an annual basis, the national average is up 10.9 cents, following annual gains over 5.7-cents and 2.5-cents over the previous two weeks. WTI crude is currently trading at $64.50 on the New York Mercantile Exchange, up from $63.64 a week ago at this time.
A Bloomberg report observed that diesel prices could head up this fall should the Federal Reserve cut interest rates at its meeting later this month.
