Diesel and gasoline prices continue to drop for the third straight week as U.S. crude oil inventories stay at record high levels and demand remains low.
by Staff
March 31, 2015
1 min to read
The national average cost of diesel fuel continued a three-week slide to $2.824, falling 4 cents from last week, while gasoline dropped by just under a cent to $2.448, according to the latest EIA numbers.
The Gulf Coast saw the lowest average diesel prices at $2.675 while the East Coast region came in just under $3 per gallon to $2.992. Compared with a year ago, diesel fuel prices are down more than 1.15 per gallon.
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The highest gasoline prices could be found on the West Coast, averaging an even $3 per gallon while the cheapest pump prices were again in the Gulf Coast at $2.313 per gallon.
Fuel prices were on a steady incline toward the end of January and into the next month with February seeing the first month-to-month increase in diesel prices in eight months. But prices have tumbled in the past few weeks.
Recently, OPEC stated that despite the U.S. cutting its crude oil output, global supplies might not feel that effect until later in the year, according to USA Today.
U.S. inventories are still at all-time highs while demand remains low causing some analysts to predict a return to the low fuel prices seen toward the end of 2014 and at the beginning of this year.
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.
The Trump administration has announced it will no longer criminally prosecute “diesel delete” cases of truck owners altering emissions systems in violation of EPA regulations. What does that mean for heavy-duty fleets?
Natural gas is quietly building a reputation as a clean, affordable, and reliable alternative fuel for long-haul trucks. And Ian MacDonald with Hexagon Agility says the Cummins X15N is a big reason why.
Mercedes-Benz has begun a new series of tests in Europe to validate vehicle compatibility with megawatt chargers and assess charging performance, thermal management, and usability on long-haul duty routes.
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