Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Diesel Moves Lower for Sixth Straight Week to $3.843

UPDATED -- The average cost of diesel keeps moving lower, hitting its lowest level since last mid-November, according to new U.S. Energy Department figures.

by Staff
August 11, 2014
Diesel Moves Lower for Sixth Straight Week to $3.843

 

2 min to read


UPDATED -- The average cost of on-highway diesel keeps moving lower, hitting its lowest level since last mid-November, according to new U.S. Energy Department figures, as oil remains not far above a six-month low.

It is down 1 cent from a week ago, marking it’s sixth straight consecutive drop, hitting $3.843 per gallon. During this time it has declined 7.7 cents since its last increase and is 5.3 cents lower than the same time a year ago.

Ad Loading...

Prices in all the different parts of the country over the past week saw their average prices decline from the week before or were unchanged. The biggest drop was in New England, where diesel fell 3.7 cents, averaging $3.982

The highest average price is in the West Coast region, $4.016, unchanged from last week, while the Gulf Coast region, as usual, has the least expensive price, $3.75, down 0.4 cent from a week ago. 

Compared to a year ago all regions of the country are reporting prices are less, except for the Central Atlantic section, where it is 0.2 cent higher.

Ad Loading...

Regular grade gasoline has also fallen for the sixth consecutive week, down 1 cent from last week to $3.505 per gallon, its lowest level since early March.

Compared to the same time a year ago it is 5.6 cents less while it is down nearly 20 cents since it last increased in June.

It ranges from a high of $3.87 in the Gulf Coast states to a low of $3.271 in the Gulf Coast region.

Oil prices on Monday moved little by the close of trading in New York, increasing just 43 cents on the day. It settled at $98.08 per barrel, following a recent slide of about 8%, including it hitting a six-month low last week, despite tensions that remain in the Middle East, Libya and Ukraine. Compared to last Tuesday’s opening price crude is up 70 cents.

Updated adds gasoline prices.

More Fuel Smarts

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 →
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 →
Ad Loading...
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 →
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 →
Ad Loading...
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 →
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 →
Ad Loading...
Illustration with oil wells, dollar bills, and a diesel fuel pump
Fuel Smartsby Deborah LockridgeApril 7, 2026

Diesel Prices Surge Toward Record Highs as Oil Price Volatility Intensifies

Prices jumped another 24 cents in a week, with California topping $7.50 and new data showing fleet fuel costs may already be at record levels.

Read More →