National diesel average heads up for the sixth consecutive week, reports EIA

The national average price per gallon for diesel gasoline headed up for the sixth consecutive week, according to data issued today by the Department of Energy’s Energy Information Administration (EIA).

With an 8.6-cent increase, the national average came in at $4.475 per gallon. This followed a 1.1-cent increase to $4.389 per gallon, for the week of August 21, a 13.9-cent increase to $4.378 per gallon, for the week of August 14; an 11.2-cent gain to $4.239 per gallon, for the week of August 7; a 22.2-cent increase, for the week of July 31, which represented the single largest weekly gain since a 40.1-cent increase, for the week of March 14, 2022; and a 9.9-cent increase, to $3.905, for the week of July 24, which now marks the third-largest weekly increase going back to the week of March 14, 2022.

Over the last six weeks, the national diesel average has seen a cumulative 66.9-cent increase, according to EIA data.

Prior to the week of August 21, EIA data observed the last time the weekly average saw gains for even two consecutive weeks, prior to that four-week stretch, were the weeks of January 23 and January 30, for a cumulative 9.8-cent increase.

The last six weeks of gains were preceded by two weeks of flat national averages, at $3.806, for the weeks of July 7 and July 14, respectively. For the week of July 3, the national average fell 3.4 cents, to $3.767.

The national average is down 64.0 cents annually, steeper than the 52.0-cent decline, recorded for the week of August 21. WTI crude oil is trading at $80.41 on the New York Mercantile Exchange.