The average price of a gallon of on-highway diesel fuel was down again for the 14th straight week, but crude oil futures spiked on word that OPEC member countries were concerned about low oil prices.
by Staff
August 31, 2015
Source: EIA
2 min to read
Source: EIA
The average price of a gallon of on-highway diesel fuel was down again for the 14th straight week, according to the latest numbers from the U.S. Energy Department.
The national average price of diesel fuel dropped 4.7 cents to $2.514 per gallon. Compared with this week last year the price has dropped $1.30.
Ad Loading...
Price drops happened in every region, with the largest drop occurring in the New England region with a decrease of 6.6 cents per gallon. The smallest decrease was seen in the Rocky Mountain region with a drop of just 3 cents per gallon.
The national average price of regular gasoline saw a large decline as well this week, dropping 12.7 cents to $2.51 per gallon, more than compensating for an anomalous 8.7-cent increase two weeks prior.
The largest decrease in the price of gasoline was in the Midwest region, which saw a 20-cent drop. The Midwest was the region most affected by an increase caused by the partial closure of a BP refinery in Indiana. The smallest decrease in price occurred in the Rocky Mountain region with a 5.2-cent drop.
Crude oil prices surged 10% on Monday on news that OPEC was concerned about the low oil prices, according to a MarketWatch report. While it wasn’t ready to cut production, some of the OPEC member nations were looking for consensus on how to curb falling prices. October Brent Crude finished at $54.15 a barrel, a one-day gain of $4.10.
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.
Safety, uptime, and insurance costs directly impact profitability. This eBook looks at how fleet software is evolving to deliver real ROI through proactive maintenance, AI-powered video telematics, and real-time driver coaching. Learn how fleets are reducing crashes, defending claims, and using integrated data to make smarter operational decisions.
Fleet software is getting more sophisticated and effective than ever, tying big data models together to transform maintenance, safety, and the value of your existing tech stack. Fleet technology upgrades are undoubtedly an investment, but updated technology can offer a much higher return. Read how upgrading your fleet technology can increase the return on your investment.
Idle reduction for heavy-duty trucks has come a long way. An updated playbook from the North American Council for Freight Efficiency explains what technologies deliver results today — and what’s coming next.