Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Average Diesel Cost Falls to Near 5-Year Low

The average cost of on-highway diesel continues falling in most of the country, declining another 3.5 cents over the past week.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
February 2, 2015
Average Diesel Cost Falls to Near 5-Year Low

 

2 min to read


The average cost of on-highway diesel continues falling in most of the country, declining another 3.5 cents over the past week.

The latest U.S. Energy Department survey price is $2.831 per gallon, $1.12 less than the same time a year ago and at its lowest level in nearly five years. The weekly drop is the 12 consecutive one, though the average price diesel has fallen most of the weeks since being above $4 in February and March of last year.

Ad Loading...

Prices continued falling in all the different parts of the country over the past week, except in New England, where it added 1 cent for an average of $3.028, but still nearly $1.13 less than the same time in 2014.

All other parts saw prices fall between 1.7 cent in the Gulf Coast region to $2.769 per gallon, to as much as 5.6 cents in the West Coast region at $2.886 per gallon.

Prices range between a low of $2.765 in the Midwest, down 3.9 cents from a week ago, to as much as $3.041 in the Central Atlantic states, a 3.7 cents decline during the same time.

Ad Loading...

Meantime, the average price of gasoline posted a weekly increase of 2.4 cents, hitting $$2.068 per gallon. The price is $1.224 less than compared to the same time last year.

Regionally, prices increased more than 9 cents in the Midwest region, while recording just a 1 cent hike in the Gulf Coast region. All other parts of the country saw week-to-week declines.

Gasoline ranges from a low of $1.86 in the Gulf Coast region to a high of $2.328 in the West Coast region.

As for the mother of these fuels, crude oil, its price increased both on Monday and over the past week. It gained $1.33 in New York trading during the first weekday in February, closing at $49.57 per barrel, its highest level in nearly a month. Compared to last Tuesday’s opening price it is up more than $4 as drillers reportedly shut down nearly 100 oil rigs in U.S. fields last week.

An anticipated report showing a buildup of U.S. crude oil stocks helped ease concerns of a strike by union workers at nine U.S. refineries that started on Sunday. About 3,800 people are on the picket lines in what is described as the largest strike by refinery workers in 35 years after contract talks between representatives of the United Steel Workers and Shell Oil fell through as they try and hammer out a new contract covering some 30,000 refinery workers at more than 60 locations. Shell is serving as the lead company in talks with the union.

More Fuel Smarts

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 →
Two men in chairs on stage with big video screen behind them showing Tesla Semi
Fuel Smartsby Deborah LockridgeMay 7, 2026

'TCO’s Here.' Tesla Says Electric Semi Economics Are Ready for the Mainstream

Tesla’s Semi chief at ACT Expo outlined production growth, lower-cost models, charging expansion, and why the company believes fleets are leaving money on the table by waiting on electric trucks.

Read More →
Electric semi trucks parked at a charging station with overhead charging equipment, representing challenges in heavy-duty EV infrastructure deployment.
Fuel Smartsby News/Media ReleaseMay 5, 2026

What Will It Take to Scale Electric Truck Charging? New Electrification Coalition Report Identifies 11 Solutions

A new report from the Electrification Coalition outlines key barriers slowing electric truck charging deployment and offers policy solutions to accelerate infrastructure growth.

Read More →
Ad Loading...
NACFE Run on Less 2026 findings.
Fuel Smartsby Jack RobertsMay 1, 2026

NACFE: Fleets Need to Recalibrate TCO Strategies as Electric Trucks Gain a Long-Term Edge

NACFE’s Run on Less data has found that recent setbacks aside, electric truck powertrains are trending toward market leadership by 2025.

Read More →
Gray Volvo tractor pulling trailer on open highway
Fuel Smartsby Deborah LockridgeMay 1, 2026

New High-Horsepower Natural Gas Engine Could Expand Fleet Options

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.

Read More →
Illustration with oil wells silhouetted against red and gold sky
Fuel Smartsby Deborah LockridgeMay 1, 2026

Why Fuel Diversification Matters for Trucking Fleets

Relying on diesel alone exposes fleets to fuel price volatility. Here’s why diversification with electric, natural gas, and renewable fuels can reduce risk.

Read More →
Ad Loading...
Range Energy eTrailer.
Fuel Smartsby News/Media ReleaseApril 17, 2026

Range Energy Confirms eTrailer Performance in Winter Testing as Commercial Rollout Nears

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.

Read More →
Circles with trucks demonstrating sustainable features and Top Green Fleets logo
Fuel Smartsby Deborah LockridgeApril 16, 2026

Top Green Fleets of 2026: Nomination Deadline Extended

Is your company a leader in sustainability efforts among trucking fleets? If so, Heavy Duty Trucking's editors want to hear from you.

Read More →
Youtube thumbnail featuring man in Big-Lebowski-inspired sweater
Fuel Smartsby Deborah LockridgeApril 13, 2026

New Lightweight Wheel Cover Targets Simpler Aero Gains [Watch]

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.

Read More →
Ad Loading...
Dual truck tires with black aerodynamic wheel cover and a man bending down getting ready to take one off
Fuel Smartsby Deborah LockridgeApril 10, 2026

Deflecktor: Hubbub Aerodynamic Wheel Cover Cost-Effective Even for 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.

Read More →