National diesel average sees another steep decline, reports EIA

全国平均价格每加仑的柴油soline dropped for the fifth consecutive week, according to data issued today by the Department of Energy’s Energy Information Administration (EIA).

For the week of December 12, the average price per gallon—at $4.754—fell 21.3 cents, following a 17.4-cent decline, for the week of December 5, to $4.967, for a collective 38.7-cent decline over the last two weeks alone and a total decline of 58.7 cents, going back to the week of October 24.

The national average for the week of November 21, at $5.233, fell 9.2 cents, to $5.141, from the week of November 28, at $5.141.

The December 12 weekly average represents the lowest tally, going back to February 28, when it came in at $4.101, based on EIA data. And it also marks the second time the national diesel average came in below the $5 per gallon mark, going back to the week of October 3, when it was at $4.836, which, at that time, marked the third week in a row of weekly averages below $5 per gallon, with the week of September 19, at $4.964, and the week of September 26, at $4.889.

Compared to the same week a year ago, this week’s diesel average is up $1.105, down from the annual increases of the previous two weeks, at $1.293 and $1.421, respectively. WTI crude oil is currently trading at $75.74 on the New York Mercantile Exchange.