Diesel prices head up to start 2018, reports EIA

Rising 7 cents, the average price per gallon currently stands at $2.973, which marks the single largest weekly gain since the week of November 6, when it rose 6.3 cents from $2.819 to $2.882.

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Due in large part to cold weather throughout many parts of the country, the average price per gallon of diesel gasoline saw a significant increase this week, according to data issued by the Department of Energy’s Energy Information Administration (EIA).

Rising 7 cents, the average price per gallon currently stands at $2.973, which marks the single largest weekly gain since the week of November 6, when it rose 6.3 cents from $2.819 to $2.882.

This marks the second straight weekly gain, coming off of a 0.2-cent gain from December 18 to December 25. These recent gains were preceded by a four-week stretch of declines, which saw the average price per gallon drop a cumulative 2.5 cents from $2.926 the week of November 27 to $2.901 the week of December 18.

On an annual basis, this week’s diesel average is up 38.7 cents annually. The average price per barrel of WTI Crude is now at $60.37. 


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