Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Cheap Oil Drives Down Diesel Price Again

Diesel fuel prices at the pump fell again last week as the consistently low price of oil on the stock market lowered energy costs.

by Staff
January 25, 2016
Cheap Oil Drives Down Diesel Price Again

Source: EIA

2 min to read


Diesel fuel prices at the pump fell again last week as the consistently low price of oil on the stock market lowered energy costs, according to the latest Energy Department numbers.

The average price of a gallon of on-highway diesel fuel fell by 4.1 cents last week, driving the price closer to new lows and settling at $2.071. That price is 79.5 cents cheaper than it was in the same week last year.

Ad Loading...

The largest drop in prices was in the Gulf Coast region where diesel fell by 5.7 cents per gallon. Meanwhile, the smallest price drop was in the Lower Atlantic region at 2.9 cents per gallon.

The average price of regular gasoline also fell again, dropping 5.8 cents nationally to a price of $1.856 per gallon. That price is 18.8 cents cheaper than it was a year ago.

Prices fell across the board with the Midwest seeing the largest drop in prices at 8.2 cents per gallon. The smallest decrease in prices was in the Central Atlantic region at 3 cents.

Ad Loading...

Crude oil prices were down on Monday, holding close to $30 per barrel due in part to the blizzard that struck much of the East Coast, according to a MarketWatch report.

The massive storm that produced blizzard conidtions in many areas left millions of Americans without access to roads or cars, which caused demand in several major metropolitan areas to decline sharply.

The price drop came after a rally last week when prices increased by as much as 9%, indicating to some analysts that oil could be on the rebound after plunging for much of 2015.

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 →