National diesel average falls for the first time in four weeks, reports EIA

Following three consecutive weeks of increases, the national average price per gallon for diesel gasoline declined, for the week of October 31, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA).

Falling 2.4 cents, the average price per gallon came in at $5.317. This followed 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.

That gain was preceded by nine straight weeks of declines, from the week of June 27 through the week of August 22, which represented a cumulative decline of 87.4 cents.

Compared to the same week a year ago, this week’s diesel average is up $1.590, down from the $1.628 increase, for the week of October 24. And West Texas Intermediate Crude oil is currently trading at $89.11 on the New York Mercantile Exchange.