Diesel average is down for fifth straight week, reports EIA

By LM Staff · February 27, 2020

Following four consecutive weeks of declines, the national average price per gallon of diesel gasoline fell again this week, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA).

This week’s national average—at $2.882—fell a miniscule 0.008 cents, following a 4.6-cent decrease the week of February 17 to $2.890, and a 5.4-cent decrease to $2.956 for the week of February 10.

With this week’s decline, the national diesel average has checked in under the $3 per gallon mark. Prior to the last three weeks, diesel had not fallen below the $3 per gallon mark since the week of September 16, when it checked in at $2.987 and kicked off a 19-week stretch of $3 and above weekly averages.

On an annual basis, this week’s average is down 16.6 cents, snapping a stretch of two weeks in which there has not been an annual gain.

West Texas Intermediate Crude Oil is currently trading at $46.82 per barrel on the New York Mercantile Exchange.

February 27, 2020