The price of a gallon of diesel fuel increased for the third straight week, once again rising above $2 per gallon.
by Staff
March 7, 2016
2 min to read
Source: EIA
The price of a gallon of diesel fuel increased for the third straight week, once again rising above $2 per gallon, according to the latest numbers from the Energy Department.
The price of a gallon of on-highway diesel increased 3.2 cents last week to an average of $2.021 nationally. Despite the price increases, diesel is still 92.3 cents cheaper than it was a year ago.
Ad Loading...
Prices increased in most locations with the largest jump occurring in the Midwest and Rocky Mountain regions at 4.6 cents per gallon. In the New England region, the price actually decreased slightly by 0.7 cents per gallon.
Gasoline prices were up last week as well, with the average price of regular grade gasoline increasing 5.8 cents to $1.841 per gallon. The price is 64.6 cents cheaper than it was in the same period last year.
The largest jump in gasoline prices was in the Midwest region with a 9.3-cent increase for the week while the smallest change occurred in New England at 0.8 cents per gallon.
Ad Loading...
Fuel prices have been increasing in recent weeks due largely to a rally in crude oil prices as investors anticipate a production slowdown. On Monday, prices climbed to their highest point since late December of last year, according to a Wall Street Journal report. Several oil producing countries have talked about reducing or freezing oil production to address a supply glut caused by a lower overall global demand for oil.
Westport and Volvo are demonstrating a 500-hp truck with diesel-like efficiency — one that also offers what Westport says is a better pathway to using hydrogen fuel in trucks.
Relying on diesel alone exposes fleets to fuel price volatility. Here’s why diversification with electric, natural gas, and renewable fuels can reduce risk.
Range Energy said its production-ready eTrailer system proved it can boost stability, safety, and efficiency in sub-zero winter conditions as the company moves toward scaled deployment.
Watch to learn how Deflecktor's new wheel cover design is taking a simpler approach to aerodynamics, with an eye toward making it more practical for both trucks and trailers.
Aerodynamic wheel covers can deliver small but meaningful fuel-economy gains for fleets, and Deflecktor says its latest design aims to make the technology easier and more affordable to deploy.
When diesel prices are as volatile as they've been in 2026, it makes it tough for trucking fleets to plan and control costs. Breakthrough Fuel's Jenny Vander Zanden has insights on near-term savings strategies.