Friday, January 10, 2025

National diesel average ends 2024 with an increase

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The national price per gallon of diesel gasoline finished 2024 with an increase, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA).

With a 2.7-cent increase, the national average came in at $3.503, for the week of December 30. This followed a 1.8-cent decrease, to $3.476, for the week of December 23, which was preceded by a 3.6-cent increase, to $3.494, for the week of December 16. This followed an 8.2-cent decline, to $3.458, for the week of December 9, representing the largest decline in 2024, as well as seeing the biggest decrease since December 11, 2023, when it fell 10.5 cents.

That was preceded by 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.

On an annual basis, the national average is off 37.3 cents.

WTI Crude is currently trading at $73.42 on the New York Mercantile Exchange.  

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