National diesel average sees second-largest gain of 2023, for week of July 10

The national average price per gallon of diesel gasoline was up, for the week of July 10, according to data issued today by the Department of Energy’s Energy Information Administration (EIA).

EIA reported that the national average increased 3.9 cents, to $3.806 per gallon, more than reversing the 3.4-cent decline, to $3.767, for the week of July 3. This marks the only the sixth week in 2023 that has seen a weekly increase, and it represented the second-largest weekly 2023 uptick, with only an 8.0-cent gain, for the week of January 23 ahead.

What’s more, this also marks the 11^thconsecutive week that that national average has been below the $4.00 per gallon mark.

Prior to the 3.4-cent decline, for the week of July 3, the national average fell 1.4-cents to $3.801, for the week of June 26, which was preceded by matching 0.003-cent declines, for the weeks of June 12 and June 19, to $3.794 and $3.815, respectively. That was preceded by a 5.8-cent decline, for the week of June 5, to $3.797, which was preceded by a 2.8-cent decline to $3.855 per gallon, for the week of May 29, a 1.4-cent decline, to $3.883, for the week of May 22, a 2.5-cent decline, to $3.897 per gallon, for the week of May 15 and a 9.6-cent decline, to $3.922, for the week of May 8, which represented its largest weekly decline since a 9.5-cent drop to $4.444, for the week of February 13.

The national diesel average has seen decreases in 20 of the last 23 weeks, according to EIA data.

Compared to the same week a year ago, the national average is down $1.762, lower than the annual decreases for the previous two weeks, at $1.908 and $1.982, respectively. And the average price per barrel of WTI crude oil is currently at $74.51 on the New York Mercantile Exchange, up from $70.80 a week ago at this time.