National diesel average is up for the seventh consecutive week, reports EIA

The national average price per gallon for diesel gasoline headed up for the seventh consecutive week, according to data issued today by the Department of Energy’s Energy Information Administration (EIA).

上涨1.7美分,全国的平均水平$4.492 per gallon. This followed 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 seven weeks, the national diesel average has increased a cumulative 68.6 cents, according to EIA data.

Prior to the week of August 21, EIA data observed the last time the weekly average saw gains for even two consecutive weeks were the weeks of January 23 and January 30, for a cumulative 9.8-cent increase.

The last seven 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 59.2 cents, below the 64.0-cent annual decrease, for the week of August 28. WTI crude oil is trading at $86.78 on the New York Mercantile Exchange.