Following gains over the previous two weeks, the national average price per gallon of diesel gasoline saw a steep decline, for the week of December 9, according to data issued today by the Department of Energy’s Energy Information Administration (EIA).
With an 8.2-cent decline, the national diesel average came in at $3.458, representing the largest decline in 2024, as well as seeing the biggest decrease since December 11, 2023, when it fell 10.5 cent.
This follows a $0.001-cent increase, to $3.540, for the week of December 2, and a 4.8-cent increase, for the week of November 25, to $3.539 per gallon. Which was preceded by a 3.0-cent decline, to $3.491, for the week of November 18, following a 1.5-cent decrease, to $3.521, for the week of November 11 and a 3.7-cent decrease, for the week of November 4, to $3.536. Over that three-week stretch, the national diesel average fell a cumulative 8.2 cents.
Those three weeks of declines were preceded by a 2-cent increase, to $3.573, for the week of October 28, which was preceded by: a 7.8-cent decrease, to $3.553, for the week of October 21; a 4.7-cent increase, to $3.631, for the week of October 14; a $0.04-cent increase, to $3.584, for the week of October; a 0.005-cent increase, to $3.544, for the week of September 30; and a 1.3-cent increase, to $3.539, for the week of September 23.
On an annual basis, the national average is off 59.2 cents, above the 55.2-cent decrease a week ago at this time.
WTI Crude is currently trading at $68.54 on the New York Mercantile Exchange, below the $69.17 reading a week ago at this time.
