Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Diesel Fuel Prices Increase 7 Cents in a Week

The price of a gallon of diesel fuel rose by nearly 7 cents last week, continuing a streak of rising prices since the beginning of the year.

by Staff
May 3, 2016
Diesel Fuel Prices Increase 7 Cents in a Week

Source: EIA

2 min to read


Source: EIA

The price of a gallon of diesel fuel rose by nearly 7 cents last week, continuing a streak of rising prices since the beginning of the year, according to the latest numbers from the Energy Department.

The average price of a gallon of diesel fuel increased 6.8 cents, hitting $2.266 in the U.S. Despite a string of price increases this year, the price is still 58.8 cents cheaper than it was in the same week last year.

Ad Loading...

The largest price increase by area was in the Midwest where prices rose 7.6 cents. The smallest change was a still-significant 4.3-cent increase in the New England region.

Gas prices followed suit, increasing by 7.8 cents nationally last week. The average price of a gallon of regular gasoline is $2.24, which is 42.4 cents cheaper than it was a year ago.

The largest price increase was in the Lower Atlantic region, where prices rose 11.2 cents for the week. The smallest increase in gas prices was on the West Coast at 3.9 cents per gallon – though the region also has the highest average price per gallon at $2.635.

Ad Loading...

The price of crude oil fell on May 3, as investors remained worried that oil production was still too high globally and had not yet adjusted to lower demand, according to a MarketWatch report. While crude oil prices have increased significantly since early 2016, demand has remained low as high-consuming markets like China have shown a slowdown in economic growth.

Also, with oil prices rising by as much as 66%, analysts are worried that U.S. shale oil producers might increase output once again, compounding the supply glut.

More Fuel Smarts

Red Kenworth truck pulling Paper Transport trailer
Fuel Smartsby Deborah LockridgeJune 2, 2026

Lessons Learned About Alternative Fuels: Start Small, Stay Flexible

Practical advice on adopting alternative fuels and ZEVs from HDT's 2026 Top Green Fleets, from renewable diesel and natural gas to electric trucks.

Read More →
Composite image of different angles of the Kempower charger
Fuel Smartsby News/Media ReleaseMay 29, 2026

Kempower Adds Flex EV Charger to Help Support Transition to Megawatt Charging

The Kempower Mega Satellite Flex has both a CCS and MCS connector, allowing operators to serve both types of heavy-duty vehicles.

Read More →
White Hino Le electric tractor on show floor
Equipmentby News/Media ReleaseMay 26, 2026

Hino Adds Electric Class 6/7 Truck

Hino says the Le Series is an important step in the company's efforts to reduce environmental impact and support its customers’ sustainability goals.

Read More →
Ad Loading...
Sigma Powertrain BEV transmission.
Fuel Smartsby Jack RobertsMay 26, 2026

Can Multi-Speed EV Transmissions Solve Heavy Trucking’s Biggest Electric-Vehicle Problems?

A startup called Sigma Powertrain believes purpose-built multi-speed gearboxes can boost efficiency, reduce battery size and improve gradeability for heavy-duty battery-electric trucks.

Read More →
Red Hendrickson e-axle at ACT Expo booth
Equipmentby News/Media ReleaseMay 22, 2026

Hendrickson Debuts Electraax E-Axle for Medium-Duty Trucks

Developed with Driventic, Hendrickson's new integrated e-axle is designed to improve efficiency, reduce weight, and extend range in Class 6-7 EV applications.

Read More →
Fueling trucks.
Fuel Smartsby Deborah LockridgeMay 18, 2026

50 Ways Fleets Can Cut Fuel Costs Now — Without Buying New Trucks

Fuel savings don’t come from one big change. They come from dozens of small ones. Here’s how leading fleets are stacking gains across drivers, routing, maintenance, and more.

Read More →
Ad Loading...
Collage of HDT Top Green Fleets with logo
Fuel Smartsby Deborah LockridgeMay 18, 2026

Top Green Fleets 2026: How Fleets Are Reducing Emissions in the Real World

What works in sustainable trucking today? Heavy Duty Trucking's Top Green Fleets are finding practical ways to cut fuel use, reduce emissions, and keep freight moving.

Read More →
Tesla Semi electric truck on display at ACT Expo
Fuel Smartsby News/Media ReleaseMay 13, 2026

California Launching $1 Billion Electric Truck Rebate Program

CARB says the California Clean Fuel Reward program will begin offering point-of-sale rebates of up to $120,000 for electric commercial trucks starting June 26.

Read More →
Closeup of engine in Mack truck
Equipmentby Deborah LockridgeMay 13, 2026

Mack Unveils EPA 2027-Compliant MP13 Engine With More Power, Better Fuel Economy

Along with unveiling its EPA 2027-compliant MP13 engine, Mack outlined powertrain changes across its Class 6-8 lineup, including new Cummins-based X10 engines.

Read More →
Ad Loading...
Crowd at Volvo booth at ACT Expo
Equipmentby Deborah LockridgeMay 8, 2026

How Volvo’s New D13 Engine Meets EPA 2027 Emissions Without Sacrificing Power or Fuel Efficiency

Volvo says advances in combustion and aftertreatment helped its new EPA 2027 D13 engine avoid the fuel-economy penalties many once expected from tighter NOx emissions limits.

Read More →