The national average price per gallon for diesel gasoline saw an increase for the tenth consecutive week, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA).
For the week of July 5, the national diesel average rose 3.1-cents, to $3.331 per gallon, topping the week ending June 28, at $3.300, and the weeks ending June 21 and June 14, at $3.287, and $3.286, respectively.
The 3.1-cent increase is the largest gain, going back to the week of May 17, when it rose 6.3-cents, to $3.249.
Compared to the same week a year ago, this week’s national average is up 89.4 cents, topping the annual spread of 87 cents, for the week of June 28.
The national average topped the $3 per gallon mark for the 18th consecutive week, going back to the week of March 1, when it came in at $3.072 per gallon. And before the week of March 1, the national average had been below the $3 per gallon mark since the week of February 2, 2020, when it posted an average of $2.956.
West Texas Intermediate Crude oil is currently trading at $74.07 on the New York Mercantile Exchange.
In its Short-Term Energy Outlook, the EIA is pegging the average price per gallon of diesel to come in at $2.97 in 2021, with 2022 forecasted at $2.92. For WTI Crude, it is calling for the 2021 average to be $58.91, with 2022 at $56.99.