National diesel average falls 7.5 cents, to $4.889, reports EIA

The national average price per gallon, for the week of September 26, fell for the fourth consecutive week, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA).

With a 7.5-cent decline, the national average came in at $4.889, following a 6.9-cent decline, to $4.964, for the week of September 19, which was 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.

For the week of August 22, the national average fell 8.2 cents, to $4.909 and was preceded by a 0.002-cent decline, to $4.991, for the week of August 15. The national average price per gallon of diesel, for the week of August 8—at $4.993—fell 14.5 cents annually, following declines of 13 cents, for the week of August 1, and 16.4 cents, for the week of July 25, which represents the steepest annual decline going back to the week of October 27, 2008, when it fell 19.4 cents, to $3.288.

These declines were preceded by a 13.6-cent decline, to $5.432, for the week of July 18, which, at that time, represented the steepest annual decline going back to the week of December 22, 2014, when the national average fell 13.8 cents to $3.281 per gallon.

Compared to the same week a year ago, this week’s diesel average is up $1.483. And West Texas Intermediate Crude oil is currently trading at $79.12 on the New York Mercantile Exchange.