Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Diesel, Gasoline Prices Forecast to Move Lower

U.S. on highway diesel fuel prices, which averaged $3.92 per gallon in 2013, are projected to fall to an average of $3.86 this year and...

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
September 10, 2014
Diesel, Gasoline Prices Forecast to Move Lower

 

2 min to read


Recent declines in fuel prices are expected to continue into next year, according to U.S. Energy Department’s just released Short Term Energy Outlook.

U.S. on-highway diesel fuel prices, which averaged $3.92 per gallon in 2013, are projected to fall to an average of $3.86 this year and $3.82 in 2015, 2 cents and 5 cents lower, respectively, than projected in last month's outlook.

Ad Loading...

For the current quarter diesel is forecast to average $3.83, falling to $3.74 in the fourth quarter of 2014. Once 2015 begins diesel prices are projected to rise slightly into the second quarter before retreating, but the 2015 average should still be below this year’s expected average, due to high prices in the first quarter of 2014.

While these numbers compare to the most current weekly average U. S. diesel price of $3.814 per gallon, the department cautions daily and weekly national average prices can differ significantly from monthly and seasonal averages, and there are also significant differences across regions, with monthly average prices in some areas falling above or below the national average price by 30 cents per gallon or more.

Meantime, U.S. regular grade gasoline retail prices, which fell to an average of $3.49 per gallon in August, 12 cents below the July average and 21 cents below the average in June, are projected to continue to decline to an average of $3.18 in December, which would mark the lowest monthly average since January 2011 and is 12 cents lower than in last month's forecast.

Ad Loading...

The Energy Department also expects U.S. regular gasoline retail prices, which averaged $3.51 in 2013, to average $3.46 in 2014 and $3.41 in 2015, 4 cents lower and 6 cents lower than last month's forecast, respectively.

The expected drops in fuel prices come as U.S. petroleum consumption is expected to fall this year by 0.2% while distillate fuel demand, which includes diesel, is expected to increase 4.2%. Helping the anticipated decline in fuel prices is the expectation crude oil prices will drop more than projected a month ago, due in part to new pipelines delivering oil to refineries along the Gulf Coast and big gains in U.S. crude oil output.

More Fuel Smarts

Illustration with wrenches in background with "Maintenance in the Messy Middle: Biodiesel" text and NACFE Run on Less logo
Maintenanceby Jack RobertsJuly 2, 2026

Maintenance in the Messy Middle Part 3: Biodiesel

Biodiesel can reduce emissions, improve fuel-system lubricity and use existing diesel infrastructure. But NACFE’s Messy Middle maintenance report says fleets must actively manage storage, cold-weather operation, filters and oil drain intervals to avoid problems.

Read More →
thermo king heavy duty trucking
SponsoredJuly 1, 2026

Enhance Fleet Performance with High-Efficiency Auxiliary Power Units

Drive sustainable cost savings while increasing driver comfort during short- and long-haul logistics operations.

Read More →
Illustration with wrenches in background with "Maintenance in the Messy Middle: Renewable Diesel" text and NACFE Run on Less logo
Maintenanceby Jack RobertsJune 29, 2026

Maintenance in the ‘Messy Middle’ Part 2: Renewable Diesel Fuel

NACFE's latest Messy Middle Powertrain Service & Maintenance report says renewable diesel gives fleets an opportunity to reduce carbon emissions without changing trucks, fueling infrastructure or maintenance practices. But technicians still need to understand several important operational differences.

Read More →
Ad Loading...
Illustration messy middle maintenance diesel with wrenches in background
Maintenanceby Jack RobertsJune 26, 2026

The Diesel Engine Enters NACFE’s ‘Messy Middle’

NACFE’s new Messy Middle Powertrain Service & Maintenance report says keeping modern diesel engines running now depends as much on software, diagnostics and data as traditional mechanical service.

Read More →
Illustration showing DEF tank and Detroit engine
Equipmentby Deborah LockridgeJune 18, 2026

DTNA Software Update Gives Truckers More Time Before DEF Derates Take Effect

The changes reflect EPA guidance aimed at reducing downtime caused by emissions-system faults while maintaining compliance requirements.

Read More →
Illustration of exhaust aftertreatment system on an AI-inspired blue background and a green fuel pump nozzle in the foreground.
Maintenanceby Deborah LockridgeJune 15, 2026

New Agentic Predictive Maintenance Report Demonstrates How Degraded Aftertreatment Systems Waste Fuel

Questar analyzed a large mixed-class fleet and discovered it was wasting as much as $30 in fuel per vehicle, per day, because of mechanically degraded aftertreatment systems.

Read More →
Ad Loading...
Amazon electric cargo bike on New York City street
Fleet ManagementJune 15, 2026

New York City's Microhub Project is Delivering Results

Trucking, last-mile delivery companies, and environmental advocates like what they are seeing so far with New York's microhub program.

Read More →
Red Kenworth truck pulling Paper Transport trailer
Fuel Smartsby Deborah LockridgeJune 2, 2026

Lessons Learned About Alternative Fuels: Start Small, Stay Flexible

Practical advice on adopting alternative fuels and ZEVs from HDT's 2026 Top Green Fleets, from renewable diesel and natural gas to electric trucks.

Read More →
Composite image of different angles of the Kempower charger
Fuel Smartsby News/Media ReleaseMay 29, 2026

Kempower Adds Flex EV Charger to Help Support Transition to Megawatt Charging

The Kempower Mega Satellite Flex has both a CCS and MCS connector, allowing operators to serve both types of heavy-duty vehicles.

Read More →
Ad Loading...
White Hino Le electric tractor on show floor
Equipmentby News/Media ReleaseMay 26, 2026

Hino Adds Electric Class 6/7 Truck

Hino says the Le Series is an important step in the company's efforts to reduce environmental impact and support its customers’ sustainability goals.

Read More →