Despite sequential declines, diesel average is up again for the week of November 1, reports EIA

The national average price per gallon of diesel gasoline saw another increase, for the week of November 1, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA).

Rising 1.4 cents, the national diesel average came in at $3.727 per gallon. This was below the 4.2-cent increase, to $3.713 per gallon, for the week of October 25, and the 8.5-cent increase, to $3.671, for the week of October 18.

This marks the highest weekly average going back to the week of December 1, 2014, when it came in at $3.605 per gallon.

For the week of October 11, the national diesel average increased 10.9-cents, which represented the highest single increase, since September 4, 2017, which saw a 15.3-cent increase, due to Hurricane Harvey.  

That was preceded by a 7.1-cent increase, to $3.477 per gallon, for the week of October 4, which, at the time, marked its highest weekly increase since the week of March 8, when it also headed up 7.1 cents.

This week’s national diesel average is up $1.355 annually, topping the annual spread, for the week of October 25, at $1.328.  

West Texas Intermediate Crude oil is currently trading at $83.22 on the New York Mercantile Exchange.