Diesel average is up for tenth straight week, reports EIA

This was the highest weekly average since the week of December 29, 2014, when the weekly average came in at $3.213.

By ·

The average price per gallon of diesel gasoline headed up for the tenth consecutive week, according to data issued by the United States this week.

With a 1.1-cent increase, the average price per gallon is now $3.288 per gallon, coming in ahead of last week’s $3.239 average, which was the highest weekly average since the week of December 29, 2014, when the weekly average came in at $3.213.

During this ten-week stretch of diesel increases, the average has topped the $3 per gallon mark each week. And during that span the average has risen a cumulative 27.8 cents.

Compared to the same week a year ago, the diesel average is up 71.7 cents, which is down from last week’s annual spread of 73.8 cents.

West Texas Intermediate (WTI) crude oil is currently trading at $66.73 per barrel on the New York Mercantile Exchange, which is down 7.6% compared to last week’s $72.17 price. When WTI crude checked in at $70 per barrel three weeks ago, it marked the first time WTI crude had eclipsed the $70 per barrel mark going back to November 2014.

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.

Article Topics

Diesel · Diesel Prices · EIA · All Topics
Latest Whitepaper
Making the Case for Comprehensive Aftermarket Lift Truck Services
Service After the Sale: Looking Beyond Acquisition Costs
Download Today!
From the January 2019 Logistics Management Magazine Issue
Seaports on West, East, and Gulf coasts are all poised to compete on one major imperative: investment in transformational technologies.
2019 Rate Outlook: Pressure Builds
Lift Trucks join the connected enterprise
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly newsletter!
Latest Webcast
2019 Rate Outlook: Will this be the year rates skyrocket?
Join Logistics Management's Patrick Burnson as he hosts a panel of fuel, trade and logistics experts who share their insights on rate patterns across all major transport modes to help shippers prepare their freight transportation budget for the coming year.
Register Today!
2019 Rate Outlook: Pressure Builds
In 2019, the world economy will enter a third straight year of broad-based growth, but many...
2019 Transportation Management Systems (TMS) Market Update: Keeping pace with the times
The transportation management systems market is growing right along with the number of challenges...

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...