Following a decline for the first time in 16 weeks a week ago, the national average price per gallon of diesel gasoline fell again this week, according to data issued by the Department of Energy’s Energy Information Administration (EIA).
With a 20.5-cent decline, the national average came in at $5.403, for the week of April 20, following a 3.5-decline decline to $5.608, for the week of April 13. This is the highest weekly decline, since the week of December 22, 2008, when it fell 24.5 cents.
While the weekly average fell the last two weeks, the average price per gallon remains elevated, due to the launched joint strikes by the United States and Israel more than seven weeks ago, in an initiative geared towards halting Iran’s development of nuclear weapons.
For the week of April 6, the national average rose 3.5 cents to $5.643. Prior to that, the national average, for the week of March 30, came in at $5.401, with the week of March 23 at 5.375. The average price per gallon, for the week of March 16, was $5.071, topping the week ending March 9, at $4.859. What’s more, prior to the last five weeks, the last time the national diesel average topped the $5 per gallon mark was the week of November 28, 2022, when it was at $5.141 per gallon.
Before that, the national average, for the week of March 2, was up 8.8 cents, to $3.897, following a 9.8-cent gain, to $3.809, for the week of February 23—which marked the previously highest weekly gain since a 9.4-cent increase, to $3.50, for the week of January 26, prior to this week. This was preceded by a 2.3-cent gain, to $3.711, for the week of February 16, and 0.007-cent increase, to $3.688, for the week of February 9.
WTI crude is currently trading at $90.49 on the New York Mercantile Exchange, down from $94.06 a week ago at this time and down from a high of $119.98 on March 9. This week’s national average is up $1.869 annually.
As oil and gas prices continue to see
