Falling 1.4 cents, the national diesel average now stands at $3.380 per gallon. Last week’s average was $3.394, which marked the single highest weekly average going back to the week of December 15, 2014, when it was at $3.419 per gallon, according to EIA data, and the average for the week ending October 8 was $3.385.
Over the eight-week stretch of gains, going back to the week of August 20, the national diesel average price increased by 18.7 cents over that span.
On an annual basis, this week’s $3.380 average is up 58.3 cents.
West Texas Intermediate Crude oil is currently trading at $70.79 per barrel on the New York Mercantile Exchange, down from last week’s average of $71.78.