National diesel average falls for the fifth consecutive week, reports EIA

The national average price per gallon of diesel gasoline headed down for the fourth straight week, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA).

Falling 4.6 cents, this week’s national diesel average now stands at $2.910, following a 5.4-cent decrease last week to $2.956, with the national average now under the $3 per gallon mark for the second straight week. Prior to the last two 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 5.6 cents, marking the second straight week there has not been an annual gain.

West Texas Intermediate Crude Oil is currently trading at $49.98 per barrel on the New York Mercantile Exchange.