Following gains in four of the five previous weeks, the average price per gallon of gasoline fell, for the week of November 14, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA).
Falling 2.0 cents, the national average came in at $5.313 per gallon. This follows a 1.6-cent increase, to $5.333 per gallon, for the week of November 7, a 2.4-cent decline, to $5.317, for the week ending October 31, a 0.002-cent increase, to $5.341, for the week of October 24 and an 11.5-cent increase, to $5.339, for the week of October 17.
This followed a 5.3-cent decline, to $4.836. for the week of October 3, a 7.5-cent decline, to $4.889, for the week of September 26 and a 6.9-cent decline, to $4.964, for the week of September 19. Those declines were preceded by a 5.1-cent decline, to $5.033, for the week of September 12. For the week of September 5, the national diesel average dropped 3.1-cents, to $5.084, which was preceded by a 20.6-cent gain, for the week of August 29, to $5.115.
Compared to the same week a year ago, this week’s diesel average is up $1.579, down from last week’s annual difference of $1.603. WTI crude oil is currently trading at $85.44 on the New York Mercantile Exchange, down from $91.47 a week ago at this time.