Diesel Prices Drop as Oil Hits 6-Year Lows
Amidst some of the lowest crude oil prices since 2009, the average price of a gallon of on-highway diesel fuel continued its more than 2-month streak of price drops.


Amidst some of the lowest crude oil prices since 2009, the average price of a gallon of on-highway diesel fuel continued its more than 2-month streak of price drops, according to the latest numbers from the U.S. Energy Department.
The average price dropped for the 13th straight week, sliding 5.4 cents nationally to an average price of $2.561 per gallon. Prices are significantly lower than this period last year, down $1.26 per gallon.
Regional prices were down across the board, with the largest drops coming to the West Coast and New England, where prices fell by 6.4 cents. The smallest decrease occurred in the Rocky Mountain region, falling 3.5 cents.
The price of a gallon of regular gasoline was down 7.9 cents for the week, largely erasing the 8.7-cent increase the week prior. Last week’s increase was mostly due to the partial shutdown of a BP refinery in Indiana, which spiked gas prices in the Midwest.
This week’s largest drop by region occurred on the West Coast with an 8-cent price decrease, and the smallest decrease was found in the Rocky Mountain region at 1.5 cents.
Prices could see even further drops, as crude oil prices dove to six-year lows. West Texas Intermediate crude futures ended the day under $39 a barrel Monday on the New York Mercantile Exchange, at $38.24. Similarly, Brent Crude oil traded at six-year lows coming in at $42.69 per barrel, according to a MarketWatch report.
Oil supply continues to outstrip demand globally, causing prices to precipitously decline throughout much of 2015. Total global liquids inventories have grown by 2.3 million barrels per day through the first seven months of 2015. By comparison, the price of barrel of crude oil was trading at or near $100 a year ago this month.
More Fuel Smarts

How GP Transco Builds Fuel Savings a Fraction at a Time
Aerodynamic specs, solar panels, and driver incentives help GP Transco turn small efficiency gains into savings it can reinvest in its people.
Read More →
Trucking’s Diesel Squeeze Isn’t Letting Up
With diesel topping $6 a gallon nationally, ATA's Bob Costello explains why fleets should prepare for continued pressure at the pump.
Read More →
FlowBelow Redesigns Trailer AeroSlider to Cut Fuel Use
The lighter trailer aerodynamic system installs in less than 45 minutes, according to the company, with potential payback in under a year depending on fuel prices and trailer mileage.
Read More →
Why Diesel Price Relief Efforts May Fall Short
Diesel prices have eased from September’s record high, but doubts about additional Russian supply and limits on dyed-diesel tax relief mean trucking fleets still face expensive fuel. And prices could go higher.
Read More →Why Small Fuel Savings Matter in Trucking
Can better fuel economy help pay for driver raises? In this podcast, GP Transco explains how small efficiency gains create room to reinvest in its people.
Read More →How GP Transco Cuts Trucking Fuel Costs, a Tenth of a Gallon at a Time
What’s another tenth of a mile per gallon worth? GP Transco shares how equipment upgrades and driver coaching turn small gains into meaningful fuel savings.
Read More →
Electric Yard Tractors Move Beyond Pilots
Operating-cost savings have overtaken sustainability goals as the leading reason surveyed fleets are adopting battery-electric terminal tractors, according to new NACFE research.
Read More →
Geotab Links Fleet Card to Vehicle Data
The new card combines fuel discounts with telematics-based purchase controls. Geotab’s analysis also points to potential savings from choosing lower-priced fuel stops.
Read More →
Fleet Economics Shape Electric Truck Outlook
ACT Research expects costs, charging infrastructure, and technology improvements to drive zero-emission commercial vehicle adoption as federal regulations and incentives retreat.
Read More →
Wex Adds Cardless Fuel Payments for Over-the-Road Customers
A new fuel card feature for Wex customers offers convenience and security.
Read More →
