The price of diesel fuel in the U.S. climbed again last week, continuing a month-long streak of increases, according to the latest numbers from the Energy Department.
by Staff
December 27, 2016
2 min to read
Source: EIA
The price of diesel fuel in the U.S. climbed again last week, continuing a month-long streak of increases, according to the latest numbers from the Energy Department.
The average price of on-highway diesel fuel increased 1.3 cents last week, hitting $2.54 per gallon at the pump. The price is now more than 30 cents higher than in the same week of 2015.
Ad Loading...
Prices were up in all major regions of the country, with the largest single increase occurring in New England at 2.4 cents. The smallest increase was in the Lower Atlantic region at 0.8 cents per gallon.
The average price of regular gasoline was jumped by 4.5 cents in the same period, hitting $2.309 per gallon. The average price is 27.5 cents more than it was in the same week a year ago.
Prices were up in all regions, with the most significant increase hitting the Midwest with an 8.8-cent increase. The smallest increase in prices was in the Lower Atlantic region at 1.1 cents per gallon.
Ad Loading...
Crude oil prices continued to increase over the past few weeks due to an impending deal between oil producing countries to cut production, according to a report on OilPrice.com.
The production cuts are scheduled to begin on Jan. 1, but OilPrice.com points out that countries are not required to begin cutting production by that date. Once in effect, prices should increase, and some analysts believe that crude oil could average $58 per barrel in 2017. The price of West Texas Intermediate and Brent Crude oil on Dec. 27 hovered around $53 and $56 per barrel respectively.
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.