Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Diesel Ends 5-Week Rally, Falls Below $2.92

A rally for on-highway diesel prices has ended with the average cost of the fuel falling for the first in more than a month, according to the latest weekly report from the U.S. Energy Department, as the price of crude oil is down dramatically.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
March 16, 2015
Diesel Ends 5-Week Rally, Falls Below $2.92

 

2 min to read


A rally for on-highway diesel prices has ended with the average cost of the fuel falling for the first in more than a month, according to the latest weekly report from the U.S. Energy Department, as the price of crude oil is down dramatically.

Trucking’s primary fuel is down 2.7 cents from a week ago, hitting $2.917 per gallon, following five straight weekly increases where it collectively gained 16.3 cents. Compared to this week a year ago the price is $1.086 less.

Ad Loading...

Diesel prices increased in only one part of the country over the past week, the Rocky Mountain region, by 1.1 cent, averaging $2.812 per gallon. The largest regional decline was in New England, 6.2 cents, for an average of $3.27 per gallon.

Diesel now averages between a low of $2.763 in the Gulf Coast region, down 3.2 cents from last week, to a high of $3.311 in the Central Atlantic states, a drop of 2.2 cents over the same time.

The average cost of regular grade gasoline also fell over the past week, giving up 3.4 cents, hitting $2.453 per gallon. Compared to a year ago the price is $1.094 less.

Ad Loading...

Prices fell in all parts of the country from last week, except in the Rocky Mountain region, where it gained 5.6 cents for $2.28 per gallon.

Gasoline now ranges from a low of $2.22 in the Gulf Coast states to a high of $3.116 in the West Coast region.

Meantime, the price of oil on Monday fell in trading in New York, settling at $43.88 per barrel, after being as low as $42.85 earlier in the day, its lowest level since March 2009. It lost 96 cents for the day following signs of higher crude output by the U.S. and Libya the possibility a deal on Iran’s nuclear program could be worked out with western nations and the easing of sanctions, allowing for more of its oil on the world market.

Last month oil prices rallied slightly following the more that 50% drop from last summer, however it was short lived. Since last Tuesday’s closing price oil in New York is down more than $6 per barrel.

More Fuel Smarts

Video still of Volvo's Duane Tegels explaining the Volvo D13 diesel engine for EPA 2027 emissions
Equipmentby Deborah LockridgeSeptember 16, 2026

How Volvo Updated Its D13 for EPA 2027 [Watch]

Volvo’s updated D13 promises lower emissions without sacrificing performance or fuel economy. Take a closer look at what changed inside the engine in this HDT Spotlight video.

Read More →
Collage of fuel options for trucks - renewable diesel, renewable natural gas, diesel, and electric
Fuel Smartsby StaffSeptember 15, 2026

Diesel Price Spike Shortens Payback for Natural Gas Trucks, Report Says

Energy Vision estimates fleets could recover the higher purchase price of an RNG-fueled Class 8 tractor in 1.3 to 2.8 years under current fuel-price scenarios.

Read More →
Illustration showing the Calstart, Forth, and Catalyst Mobility logos
Fuel Smartsby StaffSeptember 14, 2026

Calstart Becomes Catalyst Mobility, Reflecting Broader Focus

Calstart is now Catalyst Mobility, reflecting the nonprofit’s growing national role in clean transportation, including zero-emission trucks, infrastructure and incentive programs.

Read More →
Ad Loading...
Illustration with oil wells, dollar bills, and a diesel fuel pump
Fuel SmartsSeptember 9, 2026

Record Diesel Prices Squeeze Trucking Fleets

Average U.S. diesel prices have climbed to nearly $6 a gallon, surpassing the 2022 record as tight refinery capacity and Middle East disruptions keep fuel costs elevated.

Read More →
A red engine part
SponsoredSeptember 9, 2026

How Fuel Delivery Shapes Engine Performance

Fuel delivery depends on more than what happens at the injector. For fleet, maintenance and technical professionals, looking at the full path from pump to injector can provide useful context for understanding engine performance.

Read More →
Port of Newark EV truck charging station.
Equipmentby News/Media ReleaseSeptember 8, 2026

East Coast Port Launches $45M Electric Truck Push

The Port Authority of New York and New Jersey announced millions in incentives for zero-emission drayage trucks, yard tractors, and new charging hubs near the port.

Read More →
Ad Loading...
Fuel Smartsby StaffAugust 31, 2026

California Bill Could Shed Light on Electric Truck Prices

Why do battery-electric Class 8 trucks remain so expensive? A California bill headed to Gov. Gavin Newsom would give fleets and state agencies more visibility into what manufacturers charge.

Read More →
Illustration of Freightliner Cascadia on highway with engine cutaway
Equipmentby Deborah LockridgeAugust 27, 2026

Detroit Opens Orders for EPA 2027 Engines

Detroit isn’t starting from scratch to meet EPA 2027 diesel emissions standards. Its Gen 6 DD13 and DD15 engines keep much of today’s platform while updating the fuel and aftertreatment systems.

Read More →
Group of people and zero-emission trucks during ceremony announcing a West Coast ZEV corridor.
Fuel Smartsby News/Media ReleaseAugust 26, 2026

Zero-Emission Truck Corridor Planned for West Coast

California, Oregon, Washington, British Columbia and Baja California are coordinating plans for truck charging and hydrogen fueling from Canada to Mexico.

Read More →
Ad Loading...
YouTube thumbnail showing Kenworth T880e electric truck and KW marketing director Kyle Kimball.
Equipmentby Deborah LockridgeAugust 25, 2026

A Closer Look at Kenworth’s Electric T880E Vocational Truck [Video]

Learn more about Kenworth's T880E battery-electric vocational truck at the Paccar Technical Center, including its range, applications, upfitting considerations, and PTO options, in this HDT Spotlight video.

Read More →