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.
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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.
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