National diesel average falls, for week of May 22, reports EIA

The national average price per gallon of diesel gasoline saw another week of declines, for the week of May 22, according to data issued earlier today by the Department of Energy’s Energy Information Administration (EIA).

The national average was down 1.4 cents, to $3.883, per gallon, following a 2.5-cent decline, to $3.897 per gallon, for the week of May 15 and a 9.6-cent decline, to $3.922, for the week of May 8, which represented its largest weekly decline since a 9.5-cent drop to $4.444, for the week of February 13.

The 9.6-cent decrease, for the week of May 8, followed a 5.9-cent decrease, to $4.018, for the week of May 1. And the national average has fallen in 15 of the last 16 weeks, going back to the week of January 30, when the national average was at $4.622, for a cumulative 10.9-cent decrease.

What’s more, this marks only the fourth time the national average has been below the $4 per gallon mark in more than two years, with the week of January 31, 2021 being the other (in addition to the last three weeks), at $3.86.

Compared to the same week a year ago, the national average is down $1.688, trailing the week of May 15, at $1.72. And the average price per barrel of WTI crude oil is currently at $73.24 on the New York Mercantile Exchange.