Diesel average is down slightly, reports EIA

Logistics News Transportation

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The Department of Energy’s Energy Information Administration (EIA) reported this week that the average price per gallon of diesel gasoline dipped 0.4 cents to $2.922 per gallon.

This slight decline follows a 1.4-cent increase last week, which was preceded by a 0.3-cent decline two weeks ago, which marked the first time the weekly average had dropped in more than a month, with gains of 3.3 cents, 2.2 cents 1 cent, and 0.4 cents, respectively, over the previous four weeks ahead of that decline.    

Even with the slight decline, this week’s price is the second-highest weekly average in more than two years, below last week’s average of $2.926. The $2.915 recorded during the week of November 13 had been the recent highest weekly price, when it eclipsed the week ending June 15, 2015 at $2.87, prior to the last two weeks.

Compared to the same week a year ago, this week’s diesel average is up 44.2 cents. And the average prices of a barrel of West Texas Intermediate Crude oil on the New York Mercantile Exchange is  $57.47.

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