Diesel and gasoline prices were higher for the second week in a row, according to the latest numbers from the Energy Department.
by Staff
December 13, 2016
2 min to read
Source: EIA
Diesel and gasoline prices were higher for the second week in a row, according to the latest numbers from the Energy Department.
The average price of on-highway diesel fuel increased 1.3 cents last week, jumping to $2.493 at the pump. Diesel prices are now more than 15 cents higher than they were in the same week a year ago.
Ad Loading...
The largest increase was in the Central Atlantic region, which saw prices jump by 3.1 cents for the week. The Rocky Mountain region actually saw a small drop in prices during the same period, falling 1 cent.
Average regular gasoline prices were also up last week, increasing 2.8 cents to hit $2.236 at the pump. Gas prices are now nearly 20 cents higher than in the same week of 2015.
The largest increase by region was in the Midwest, where prices jumped 5.5 cents on average. On the West Coast, prices fell by 1.5 cents during the same period.
Ad Loading...
Crude oil prices are at some of the highest levels since mid-2015 as global markets react to a deal between oil producing countries to freeze or cut production outputs, according to a MarketWatch report.
The deal was made to stabilize and improve an oil market that had been at some of the lowest levels in years. Weaker global demand caused by a slow global economy created an oversupply of crude oil,which drove prices downward.
In November, OPEC finally reached an agreement to cut production and, in recent days, 11 other oil producing countries have agreed to follow suit.
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.