Weekly average on-highway diesel and regular gasoline fuel prices saw significant drops last week, according to the latest numbers from the Energy Department.
by Staff
January 19, 2016
Source: EIA
2 min to read
Source: EIA
Weekly average on-highway diesel and regular gasoline fuel prices saw significant drops last week, according to the latest numbers from the Energy Department.
The average price of a gallon of diesel fuel dropped by 6.5 cents in a single week, settling to a new low of $2.112. That price is 82.1 cents cheaper than it was a year ago and is a continuation of the downward trend in prices seen throughout 2015.
Ad Loading...
When broken down by area, the largest drop in prices was in the Midwest at 7.3 cents per gallon while the smallest drop was found in the Central Atlantic region at 4.5 cents.
Gasoline prices saw an even bigger drop with an 8.2-cent drop, falling to 1.914 per gallon. Despite the low prices, the price is only 15.2 cents cheaper than it was in the same week a year ago.
Prices were down across the U.S. last week with the largest drop in prices coming to the Midwest at 10.9 cents per gallon. The smallest price drop was in the Rocky Mountain region at 4 cents even.
Ad Loading...
Oil prices hit some of the lowest levels of the 21st century on Tuesday as the U.S. lifted its sanctions on Iranian oil, allowing an already oversupplied market to gain another producer, according to a Wall Street Journal report. Oil prices fell over 3% for the day hitting a 12-year low.
Currently, the cost of oil is trading at around $28 per barrel.
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.