National diesel average price per gallon falls again, for the week of November 6, reports EIA

The national average price per gallon of diesel gasoline fell for the fourth time in the last seven weeks, according to data issued today by the Department of Energy’s Energy Information Administration (EIA).

The national average, for the week of November 6, fell 8.8 cents, to $4.366, following a 9.1-cent decline, to $4.454, for the week of October 30, which was preceded by a 10.1-cent gain, to $4.545, per gallon, for the week of October 23. That marked the highest weekly gain since a 13.9-cent increase, to $4.378, for the week of August 14.

With a 5.4-cent decrease, the national average, for the week of October 16, was $4.444 per gallon, following a 9.5-cent increase, to $4.498 per gallon, for the week of October 9, and a slight 0.007-cent increase, to $4.593, for the week of October 2, and a 4.7-cent decline, to $4.586, for the week of September 25.

The decline, for the week of September 25, was the first weekly decline going back to the week of July 24, a ten-week stretch, which saw the national average rise 87.2 cents over that period.  

In previous weeks leading up to the week of September 25, the national average saw a 9.3-cent increase, to $4.633 per gallon, for the week of September 18, and a 4.8-cent increase, for the week of September 11, to $4.50 per gallon.

Compared to the same week a year ago, the national average was down 96.7 cents, steeper than the previous annual declines over the previous two weeks, at 86.3 cents and 79.6 cents, respectively.

The average price per barrel of WTI crude is currently trading at $78.67 per barrel on the New York Mercantile Exchange, lower than the $82.94 reading a week ago at this time.