The national diesel gasoline average, for the week of February 26, fell after a flat reading the previous week, according to data issued today by the Department of Energy’s Energy Information Administration (EIA).
The national average, at $4.058, fell 5.1 cents from the matching $4.109 readings, for the weeks ending February 12 and February 19, respectively, marking the largest weekly decrease, to date, in 2024.
This activity was preceded by a 21.0-cent increase, to $4.109, from the week of February 5 to February 12, which represented the largest weekly gain since the 22.2-cent increase, from $3.905 per gallon to $4.127 per gallon, from the week of July 24 to the week of July 31.
Prior to that the national average rose 3.2 cents, to $3.867, for the week of February 5, a 2.9-cent increase to $3.838, for the week of January 29, a 3.5-cent increase, to $3.863 per gallon, for the week of January 15, a 4.8-cent decrease, to $3.828, for the week of January 8, and a 3.8-cent decrease, to $3.876, for the week of January 1. At that time, it marked the first weekly increase since the week of December 25, which saw a 2.0-cent increase, to $3.914, and snapped an eight-week stretch of declines, for a total of 56.0 cents over that period.
The national average was below the $4 per gallon mark from the week of December 11, when the national average was at $3.987 per gallon, through the week of February 5, when the national average was at $3.899 per gallon.
Compared to the same week a year ago, the national average was down 23.6 cents. And the average price per barrel of WTI crude is currently trading at $78.17 on the New York Mercantile Exchange.