Diesel average is down for seventh straight week, reports EIA

With a 5.4-cent decline, the national diesel average now stands at $3.207 per gallon. This follows declines of 2.1 cents, 3.5 cents, 2.1 cents, of 1.7 cents, 2.5 cents, and 1.4 cents, respectively, over the six five weeks.

By ·

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

With a 5.4-cent decline, the national diesel average now stands at $3.207 per gallon. This follows declines of 2.1 cents, 3.5 cents, 2.1 cents, of 1.7 cents, 2.5 cents, and 1.4 cents, respectively, over the six five weeks. Diesel has fallen a cumulative 18.7 cents over the last six weeks.

Prior to the last seven weeks of declines, the weekly average price was $3.394 for the week ending October 15, which marked the single highest weekly average going back to the week of December 15, 2014, when it was at $3.419 per gallon, according to EIA data, and the average for the week ending October 8 was $3.385.

Over that eight-week stretch of gains, going back to the week of August 20 to the week of October 15, the national diesel average price increased by 18.7 cents over that span.

On an annual basis, this week’s $3.207 average is up 28.5 cents annually which is down from last week’s annual spread of 33.5 cents, as well as 40.2 cents, 45.6 cents and 53.6 cents, respectively, over the previous three weeks.

West Texas Intermediate crude oil is currently trading at $53.89 per barrel on the New York Mercantile Exchange, up from $51.51 a week ago.


Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

Diesel · Diesel Prices · EIA · All Topics
Latest Whitepaper
Travel Time Forecast Infographic
Combining traffic speed insight with highly localized weather forecast data to help more accurately predict travel time.
Download Today!
From the November 2018 Logistics Management Magazine
If I were to share a single observation from this year’s CSCMP conference, it would be this: Nearly every conversation I had in Nashville touched on the motor carrier capacity crisis.
Land O’Lakes lock in Texas-based capacity
How will the tariff war with China affect U.S. container ports?
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
The Future of Multi-Carrier Shipping Systems (Beyond the Shipping Label)
How confident are you that the shipping solution you have in place today will meet emerging delivery and customer service trends over the next five years? In this webinar transportation technology expert Ken Fleming, COO of Logistyx Technologies, discusses the key trends shaping supply chain delivery today and how they’re influencing shipping system requirements.
Register Today!
EDITORS' PICKS
The Logistics News that Shaped 2018
Every year at this time, group news editor Jeff Berman combs through the mountain of news that was...
Land O’Lakes lock in Texas-based capacity
Faced with the challenge of securing capacity in specific lanes, the iconic company broke with...

8th Annual Rail/Intermodal Roundtable: Work in progress
Volumes are strong and steady, service is improving, yet our panel of the nation’s foremost rail...
Transportation Best Practices and Trends: Frios’ cool solution for a hot seller
Gourmet ice pop maker adopts collaborative cold chain solution to keep profits from melting away due...