Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Diesel Prices Down Again but Oil Prices Surge

The average price of a gallon of on-highway diesel fuel was down again for the 14th straight week, but crude oil futures spiked on word that OPEC member countries were concerned about low oil prices.

by Staff
August 31, 2015
Diesel Prices Down Again but Oil Prices Surge

Source: EIA

2 min to read


Source: EIA

The average price of a gallon of on-highway diesel fuel was down again for the 14th straight week, according to the latest numbers from the U.S. Energy Department.

The national average price of diesel fuel dropped 4.7 cents to $2.514 per gallon. Compared with this week last year the price has dropped $1.30.

Ad Loading...

Price drops happened in every region, with the largest drop occurring in the New England region with a decrease of 6.6 cents per gallon. The smallest decrease was seen in the Rocky Mountain region with a drop of just 3 cents per gallon.

The national average price of regular gasoline saw a large decline as well this week, dropping 12.7 cents to $2.51 per gallon, more than compensating for an anomalous 8.7-cent increase two weeks prior.

The largest decrease in the price of gasoline was in the Midwest region, which saw a 20-cent drop. The Midwest was the region most affected by an increase caused by the partial closure of a BP refinery in Indiana. The smallest decrease in price occurred in the Rocky Mountain region with a 5.2-cent drop.

Ad Loading...

Crude oil prices surged 10% on Monday on news that OPEC was concerned about the low oil prices, according to a MarketWatch report. While it wasn’t ready to cut production, some of the OPEC member nations were looking for consensus on how to curb falling prices. October Brent Crude finished at $54.15 a barrel, a one-day gain of $4.10.

More Fuel Smarts

A GP Transco tractor-trailer crosses a bridge over a river, with trailer side skirts visible beneath the white trailer.
Fuel Smarts•by Deborah Lockridge•October 27, 2026

How GP Transco Builds Fuel Savings a Fraction at a Time

Aerodynamic specs, solar panels, and driver incentives help GP Transco turn small efficiency gains into savings it can reinvest in its people.

Read More →
Man on large stage with American Trucking Associations logo in the background and large screen displays of distillate stocks.
Fuel Smarts•by Deborah Lockridge•October 20, 2026

Trucking’s Diesel Squeeze Isn’t Letting Up

With diesel topping $6 a gallon nationally, ATA's Bob Costello explains why fleets should prepare for continued pressure at the pump.

Read More →
Computer rendering showing airflow around a trailer’s tandem wheels equipped with FlowBelow AeroSlider fairings and wheel covers.
Fuel Smarts•by Deborah Lockridge•October 18, 2026

FlowBelow Redesigns Trailer AeroSlider to Cut Fuel Use

The lighter trailer aerodynamic system installs in less than 45 minutes, according to the company, with potential payback in under a year depending on fuel prices and trailer mileage.

Read More →
Ad Loading...
Illustration with oil wells, dollar bills, and a diesel fuel pump
Fuel Smarts•by Deborah Lockridge•October 14, 2026

Why Diesel Price Relief Efforts May Fall Short

Diesel prices have eased from September’s record high, but doubts about additional Russian supply and limits on dyed-diesel tax relief mean trucking fleets still face expensive fuel. And prices could go higher.

Read More →
Video thumbnail with text: Fuel -- small gains, big savings.
Fuel Smarts•October 12, 2026

Why Small Fuel Savings Matter in Trucking

Can better fuel economy help pay for driver raises? In this podcast, GP Transco explains how small efficiency gains create room to reinvest in its people.

Read More →
Youtube thumbnail showing two people with a truck and the word "fuel" behind them, the HDT Talks Trucking logo, and the words "Small Gains. Big Savings."
Fuel Smarts•by Deborah Lockridge•October 12, 2026

How GP Transco Cuts Trucking Fuel Costs, a Tenth of a Gallon at a Time

What’s another tenth of a mile per gallon worth? GP Transco shares how equipment upgrades and driver coaching turn small gains into meaningful fuel savings.

Read More →
Ad Loading...
Photo of electric OrangeEV terminal tractor with a Lazer Logistics trailer
Equipment•by Staff•October 6, 2026

Electric Yard Tractors Move Beyond Pilots

Operating-cost savings have overtaken sustainability goals as the leading reason surveyed fleets are adopting battery-electric terminal tractors, according to new NACFE research.

Read More →
Illustration of map with GPS markers overlaid with Geotab fleet card and a fuel pump nozzle
Fuel Smarts•by Staff•October 2, 2026

Geotab Links Fleet Card to Vehicle Data

The new card combines fuel discounts with telematics-based purchase controls. Geotab’s analysis also points to potential savings from choosing lower-priced fuel stops.

Read More →
White Tesla Semi electric truck on display on a show floor
Equipment•by Staff•September 30, 2026

Fleet Economics Shape Electric Truck Outlook

ACT Research expects costs, charging infrastructure, and technology improvements to drive zero-emission commercial vehicle adoption as federal regulations and incentives retreat.

Read More →
Ad Loading...
Male truck driver in flannel shirt by truck using his smartphone
Fuel Smarts•by News/Media Release•September 23, 2026

Wex Adds Cardless Fuel Payments for Over-the-Road Customers

A new fuel card feature for Wex customers offers convenience and security.

Read More →