National diesel average falls for the week of May 22, reports EIA

The national average price per gallon of diesel gasoline saw another week of declines, for the week of May 29, according to data issued earlier today by the Department of Energy’s Energy Information Administration (EIA).

The national average fell 2.8 cents, to $3.855, per gallon, following 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 9.6-cent decrease, for the week of May 8, followed a 5.9-cent decrease, to $4.018, for the week of May 1. And the national average has fallen in 16 of the last 17 weeks, going back to the week of January 30, when the national average was at $4.622, for a cumulative 13.7-cent decrease.

What’s more, this marks only the fifth time the national average has been below the $4 per gallon mark in more than two years, with the week of January 31, 2021 being the other (in addition to the last four weeks), at $3.86.

Compared to the same week a year ago, the national average is down $1.684, in line with a $1.688 annual decline, for the week of May 15. And the average price per barrel of WTI crude oil is currently at $68.65 on the New York Mercantile Exchange.