
The cost of fuel continues falling due to increasingly steep declines in the price of crude oil.
The U.S. Energy Department reported Monday the average U.S. price for on-highway diesel fell another 8,4 cents over the past week to $3.053 per gallon. This is the lowest price since October 2010 and is 83.3 cents less than the same time last year


The cost of fuel continues falling due to increasingly steep declines in the price of crude oil.
The U.S. Energy Department reported Monday the average U.S. price for on-highway diesel fell another 8,4 cents over the past week to $3.053 per gallon. This is the lowest price since October 2010 and is 83.3 cents less than the same time last year.
Once again, prices declined in all parts of the country, ranging from 6.4 cents in the Central Atlantic states, for an average of $3.239 per gallon, also the highest priced part of the country, to as much as 11.2 cents in the Rocky Mountain region, for an average of $3.027.
The least expensive region is the Gulf Coast where prices fell an average of 8.1 cents over the past week to $2.964 per gallon.
Gasoline also continued its big drop, with the average price of the regular grade fuel falling 7.5 cents over the past week to $2.139 per gallon, its lowest level since May 2009. Compared to the same time in 2014 the price is $1.188 less.
Gasoline currently ranges from a low of $1.911 in the Gulf Coast region to a high of $2.49 in the West Coast region. Compared to a year ago all regional prices are down by $1 or more.
The decline are due oil prices continuing a big drop, with it hitting close to a six-year low on Monday in New York, closing at $46.07 per barrel, after losing $2.29 on the day. Compared to last Tuesday’s opening price the black gold is down nearly $4 as overseas oil producers are showing no signs of curbing production.
The drop on Monday was in the wake of a new report from the investment firm Goldman Sachs in which it slashed earlier expectations for crude prices to $50.40 a barrel this year, way down from its previous forecast of $83.75. Since June oil has fallen from $107 per barrel.

The impact of the Iran conflict extends beyond fuel costs, bringing more fraud and cybersecurity risks to the trucking industry.
Read More →
The company’s expanded EPEQ ecosystem includes flexible solar panels, lithium batteries, hydraulic power systems, and a portable fast charger for electric trucks.
Read More →
Listen as Mike Roeth of the North American Council for Freight Efficiency shares insights into battery-electric trucks, natural gas, biofuels, and clean diesel on this episode of HDT Talks Trucking.
Read More →
NACFE's Run on Less - Messy Middle project demonstrates the power of data in helping to guide the future of alternative fuels and powertrains for heavy-duty trucks.
Read More →
Mike Kucharski, vice president of refrigerated carrier JKC Trucking, says diesel price jumps tied to global instability are squeezing carriers already struggling with weak freight rates.
Read More →
In today’s cost-conscious market, fleets are finding new ways to get more value from every truck on the road. See how smarter maintenance strategies can boost uptime, control costs and drive stronger long-term returns.
Read More →
Purdue researchers demonstrated a high-power wireless charging system capable of delivering energy to electric heavy-duty trucks at highway speeds, advancing the concept of electrified roadways for freight transportation.
Read More →
The Environmental Protection Agency is asking diesel engine makers to provide information about diesel exhaust fluid system failures as it considers changes to emissions regulations.
Read More →6 intelligent dashcam tactics to improve safety and boost ROI
Read More →
The Environmental Protection Agency said California can’t enforce its Heavy-Duty Inspection and Maintenance Regulation, known as Clean Truck Check, on vehicles registered outside the state. But California said it will keep enforcing the rule.
Read More →