Related: Commentary: A Crude Awakening
Brexit Drops Crude Oil, Diesel Prices Flat
The price of diesel fuel remained unchanged last week, but things could be changing soon as United Kingdom’s vote to leave the European Union has affected global energy prices.


Source: EIA
The price of diesel fuel remained unchanged last week, but things could be changing soon as United Kingdom’s vote to leave the European Union has affected global energy prices.
The price of on-highway diesel fuel was flat compared to the previous week, according to Monday's report from the U.S. Energy Department, remaining at an average of $2.426 per gallon. The price is still 41.7 cents cheaper than it was in the same week last year.
Regionally, prices fluctuated by small amounts both up and down depending on region. The largest drop in prices was in the Gulf Coast at 1.1 cents, while the largest increase in prices was in the Rocky Mountain region at 1.6 cents.
The average price of regular gasoline dropped by 2.4 cents last week, settling at $2.329 per gallon. The price is 47.2 cents cheaper than it was a year ago. The largest decrease in prices was a 7.9-cent drop in the Midwest. The West Coast saw the largest increase in prices at 4.4 cents.
The market is still reeling from uncertainty in the wake of the United Kingdom’s exit from the European Union, commonly known as the Brexit. Crude oil prices fell to their lowest level in seven weeks in trading on June 27, according to a MarketWatch report.
A stronger U.S. dollar and Japanese Yen have contributed to the price drops, but many analysts believe that the price of crude oil will be affected by the UK vote, nicknamed the Brexit, only in the near term.
More Fuel Smarts

How GP Transco Builds Fuel Savings a Fraction at a Time
Aerodynamic specs, solar panels, and driver incentives help GP Transco turn small efficiency gains into savings it can reinvest in its people.
Read More →
Trucking’s Diesel Squeeze Isn’t Letting Up
With diesel topping $6 a gallon nationally, ATA's Bob Costello explains why fleets should prepare for continued pressure at the pump.
Read More →
FlowBelow Redesigns Trailer AeroSlider to Cut Fuel Use
The lighter trailer aerodynamic system installs in less than 45 minutes, according to the company, with potential payback in under a year depending on fuel prices and trailer mileage.
Read More →
Why Diesel Price Relief Efforts May Fall Short
Diesel prices have eased from September’s record high, but doubts about additional Russian supply and limits on dyed-diesel tax relief mean trucking fleets still face expensive fuel. And prices could go higher.
Read More →Why Small Fuel Savings Matter in Trucking
Can better fuel economy help pay for driver raises? In this podcast, GP Transco explains how small efficiency gains create room to reinvest in its people.
Read More →How GP Transco Cuts Trucking Fuel Costs, a Tenth of a Gallon at a Time
What’s another tenth of a mile per gallon worth? GP Transco shares how equipment upgrades and driver coaching turn small gains into meaningful fuel savings.
Read More →
Electric Yard Tractors Move Beyond Pilots
Operating-cost savings have overtaken sustainability goals as the leading reason surveyed fleets are adopting battery-electric terminal tractors, according to new NACFE research.
Read More →
Geotab Links Fleet Card to Vehicle Data
The new card combines fuel discounts with telematics-based purchase controls. Geotab’s analysis also points to potential savings from choosing lower-priced fuel stops.
Read More →
Fleet Economics Shape Electric Truck Outlook
ACT Research expects costs, charging infrastructure, and technology improvements to drive zero-emission commercial vehicle adoption as federal regulations and incentives retreat.
Read More →
Wex Adds Cardless Fuel Payments for Over-the-Road Customers
A new fuel card feature for Wex customers offers convenience and security.
Read More →
