Related: Diesel Prices Fall to End the Year
Diesel Prices Fall in First Week of 2016
The price of on-highway diesel fuel and regular gasoline continued last year’s trend of falling prices with another decrease in the first week of 2016.

The price of on-highway diesel fuel and regular gasoline continued last year’s trend of falling prices with another decrease in the first week of 2016, according to the latest Energy Department numbers.
The average price of a gallon of diesel fuel dropped 3.4 cents last week to a low of $2.177. The price is 87.8 cents cheaper than it was the same week a year ago.
Prices fell across the U.S. with the largest single-week decrease coming to the Rocky Mountain region at 5.7 cents per gallon. The smallest drop last week was in the New England region at 0.9 cents per gallon.
The average price of regular gasoline also dropped last week, falling 3.2 cents to $1.996 per gallon. Regular gasoline is 14.3 cents cheaper than it was in the same period in 2015.
The largest decrease in gasoline prices was in the Midwest, where it fell 3.9 cents per gallon. The smallest drop was in the Rocky Mountain region at 1.8 cents per gallon.
Energy prices were down by the end of trading on Jan. 11 with the price of a barrel of crude oil approaching $30 a barrel, according to The Wall Street Journal.
Oil prices have been in a freefall as the market reacts to low demand undercutting consistently high production.
Recent reports of a slumping Chinese economy and the looming possibility that Iran will have sanctions lifted have only compounded the problem. China is the second-largest oil consumer on the globe and with Iranian oil entering the global market, prices may decrease further.
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 →
