National Diesel Average Rises for the Ninth Consecutive Week

The national average price per gallon of diesel gasoline continues to head in one direction—up—with data issued today by the Department of Energy’s Energy Information Administration (EIA) pointing to the ninth week of consecutive gains.

For the week of September 18, EIA reported that the national average climbed 9.3 cents, to $4.633 per gallon, following a 4.8-cent increase, for the week of September 11, to $4.50 per gallon.

This came on the heels of a 1.7-cent increase, to $4.492 per gallon for the week of September 4, an 8.6-cent increase, to $4.475, for the week of August 28, 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 nine weeks, EIA data points to a cumulative 87.2-cent increase over that period, with the last week showing a decline was a 3.9-cent drop, on July 10.

The last nine 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 33.1-cents annually, less than the decreases seen over the previous two weeks, at 49.3 cents and 59.2 cents, respectively. WTI crude oil is trading at $92.87 on the New York Mercantile Exchange, up from $89.14 a week ago at this time.