Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Average Diesel Prices Fall to $2.35 Per Gallon

Diesel fuel prices are continuing to fall, dropping around 8 cents from their peak of $2.43 per gallon in early June, according to the latest numbers from the Energy Department.

by Staff
August 1, 2016
Average Diesel Prices Fall to $2.35 Per Gallon

 

2 min to read


Diesel fuel prices are continuing to fall, dropping around 8 cents from their peak of $2.43 per gallon in early June, according to the latest numbers from the Energy Department.

The average price of a gallon of diesel fuel fell 3.1 cents last week, settling to $2.348 per gallon at the pump. While prices have been dropping, the gap between 2015’s and 2016’s prices has been shrinking. Last week’s prices were 32 cents cheaper than in the same week a year ago.

Ad Loading...

When broken down by region, the largest decrease in prices occurred in the Central Atlantic, where prices fell by 4 cents. The smallest change was in the Rocky Mountain region where prices fell 1.5 cents.

Gas prices also fell last week with the average price of a gallon of regular gasoline dropping 2.3 cents to $2.159 per gallon. The price is 53 cents cheaper than it was for the same week of 2015.

The largest drop in prices was in the West Coast region, where it dropped 5.6 cents last week. The smallest change was a 0.3-cent drop in the Midwest.

Ad Loading...

The crude oil market has also been down in recent weeks, with the price of a barrel of crude dropping to around $40, according to a Market Watch report.

Crude oil prices had been on the rise since bottoming out earlier this year. But new fears that the global supply glut would not be going away has had a sobering effect on the oil market.

Global demand for oil has dropped in the past year. However, rather than limiting supply to adjust for weaker demand, OPEC members and other major oil-producing countries have resolved to increase production.

More Fuel Smarts

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 →
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 →
Ad Loading...
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 →
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 →
Ad Loading...
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 →
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 →
Podcast thumbnail saying "How to Save on Fuel Costs" with diesel pump in the background and photo of the woman guest
Fuel SmartsApril 9, 2026

Cutting Fleet Fuel Costs in a Volatile Market [Listen]

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.

Read More →
Ad Loading...
YouTube thumbnail saying "How to Save on Fuel Costs" with woman's photo and a photo of a diesel price pump
Fuel Smartsby Deborah LockridgeApril 9, 2026

Diesel Price Swings Aren’t Over. What Can Your Fleet Do?

Practical steps fleets can take to manage fuel costs, from purchasing strategies to driver behavior.

Read More →