Crude Oil, Fuel Prices on the Rise
U.S. diesel prices were up nearly 2 cents per gallon from a week ago and more than 6 cents per gallon compared to a year earlier, as crude oil prices rose to their highest since early July.


U.S. diesel prices were up nearly 2 cents per gallon from a week ago and more than 6 cents per gallon compared to a year earlier, as crude oil prices rose to their highest since early July.
Oil producers participating in a supply-reduction agreement cut output in July by 9% more than called for, reports Reuters, and Iran’s crude oil exports have fallen amid U.S. sanctions against the country. Reuters reports that risks of supply disruptions from places such as Venezuela, Africa and Iran triggered expectations of a tightening global oil market.
Crude oil futures ended Monday, August 27, 15 cents higher on the New York Mercantile Exchange at $68.87 a barrel. Oil prices had their best week since June last week, climbing more than 5% on a larger-than-expected drop in U.S. inventories, reports the Wall Street Journal.
The U.S. Department of Energy’s fuel price report for the week ending Aug. 27 showed the national average retail price of $3.226 was up 1.9 cents from the previous week and 6.21 cents from last year.
The highest price, $3.945 in California, is up 1.6 cents from last week but 95 cents from last year. The lowest prices were found in the Gulf Coast region at $3.004 per gallon, up 2.3 cents from last week and 57.6 cents from last year.
While diesel prices were up in all regions of the country compared to last week and last year, gasoline prices were up from a year ago but actually fell slightly in many regions of the country.

The national average price for gasoline of $2.827 per gallon was up .6 cents from last week and 42.8 cents from last year. The highest prices, on the West Coast at $3.310 per gallon, were up .03 cents from last week and 40.7 cents from last year. The lowest prices, $2.569 in the Gulf Coast region, was up .01 cents from last week and 41.3 cents from last year. However, gasoline prices fell from the previous week in the East Coast region and in the West Coast minus California.
More Fuel Smarts

California Bill Could Shed Light on Electric Truck Prices
Why do battery-electric Class 8 trucks remain so expensive? A California bill headed to Gov. Gavin Newsom would give fleets and state agencies more visibility into what manufacturers charge.
Read More →
Detroit Opens Orders for EPA 2027 Engines
Detroit isn’t starting from scratch to meet EPA 2027 diesel emissions standards. Its Gen 6 DD13 and DD15 engines keep much of today’s platform while updating the fuel and aftertreatment systems.
Read More →
Zero-Emission Truck Corridor Planned for West Coast
California, Oregon, Washington, British Columbia and Baja California are coordinating plans for truck charging and hydrogen fueling from Canada to Mexico.
Read More →A Closer Look at Kenworth’s Electric T880E Vocational Truck [Video]
Learn more about Kenworth's T880E battery-electric vocational truck at the Paccar Technical Center, including its range, applications, upfitting considerations, and PTO options, in this HDT Spotlight video.
Read More →
Kenworth T880E Brings EV Power to Vocational Trucks
A closer look at the Kenworth T880E’s range, charging, powertrain and upfit options — and where fleets are showing the most interest.
Read More →
Jennie Abarca Is Proving Electric Trucks Can Do the Job
HDT Truck Fleet Innovator Jennie Abarca is building confidence in fleet electrification one load at a time while openly sharing the challenges she encounters along the way as a small-fleet owner.
Read More →
Cummins Adjusts 2027 Engine Rollout After EPA Proposal
The engine maker will gradually introduce its new Model Year 2027 diesel engines while continuing to offer current models during the transition, citing the EPA's proposed emissions rule changes.
Read More →
EPA Proposal Could Ease 2027 Truck Costs and Buying Uncertainty
The proposal doesn't change the tougher NOx standard, but it would revise key implementation requirements that manufacturers say have driven up costs and complicated fleet purchasing decisions.
Read More →
Cummins, Paccar Ease DEF Derates After EPA Guidance
Updated diesel engine software gives truck operators more time to address emissions-system issues while staying compliant with EPA emissions standards.
Read More →
Maintenance in the Messy Middle Part 3: Biodiesel
Biodiesel can reduce emissions, improve fuel-system lubricity and use existing diesel infrastructure. But NACFE’s Messy Middle maintenance report says fleets must actively manage storage, cold-weather operation, filters and oil drain intervals to avoid problems.
Read More →
