Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Diesel Prices Fall, Rising Oil Prices Spark Talk of Opening SPR

The average price of diesel dropped by half a cent this week to $4.142 per gallon, ending a nine-week trend of price increases. Despite the decline, the price of diesel is still an average of 16.6 cents higher than this time last year, according to the Energy Information Administration's weekly fuel update

by Staff
April 2, 2012
Diesel Prices Fall, Rising Oil Prices Spark Talk of Opening SPR

The price of oil has prompted discussion about releasing oil from the Strategic Petroleum Reserve.

2 min to read


The average price of diesel dropped by half a cent this week to $4.142 per gallon, ending a nine-week trend of price increases. Despite the decline, the price of diesel is still an average of 16.6 cents higher than this time last year, according to the Energy Information Administration's weekly fuel update.



Prices increased by 0.1 cent in the Central Atlantic region, the only region that saw an increase. California saw the biggest decrease, though it was only by 2 cents, not enough to keep the state from having the highest average diesel price in the country at $4.456.

Gas prices continued their upward trek with a 2.3-cent increase to $3.941 a gallon. This is the 10th straight week of rising gas prices. Only the West Coast saw some relief with a price drop of 1.1 cents.

Oil prices increased by the most in six weeks. Light sweet crude oil futures for May delivery gained $2.21, or 2.2%, to close at $105.23 a barrel on the New York Mercantile Exchange. Brent crude climbed $2.55 to $125.43 a barrel.

Rising oil prices increased discussions about the possibility of opening the national Strategic Petroleum Reserve, a reserve the president can allow access to in response to emergencies and disruptions of oil supplies, reports Reuters. Currently, the SPR holds 800 million barrels of oil.

Companies that receive SPR oil must return equal amounts after prices have lowered or the emergency dies down.

Last June, the reserves were tapped after civil war in Libya. The U.S. sold 30 million barrels to 15 companies to fill the 2-million-barrel-a-day-loss from Libya. Other events during which oil was released include Hurricane Katrina in 2005 and Operation Desert Storm in 1991.

More Drivers

SponsoredFebruary 1, 2026

Stop Watching Footage, Start Driving Results

6 intelligent dashcam tactics to improve safety and boost ROI

Read More →
DriversJanuary 23, 2026

What FMCSA’s New Enforcement Push Means for Fleets in 2026 [Podcast]

Listen as transportation attorney and TruckSafe Consulting President Brandon Wiseman joins the HDT Talks Trucking podcast to unpack the “regulatory turbulence” of last year and what it means for trucking fleets in 2026.

Read More →
DriversJanuary 20, 2026

How Pilot Is Using AI in Truck Maintenance

A practical look at how artificial intelligence is helping Pilot's trucking fleet move from reactive maintenance to a more proactive approach.

Read More →
Ad Loading...
SponsoredJanuary 19, 2026

3 New Ways Fleet Software Pays: ROI opportunities for modern fleet managers

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.

Read More →
SponsoredJanuary 19, 2026

Basic Tracking vs Next Generation Fleet Technology

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.

Read More →
Graphic showing smart truck parking technology with a highway sign reading “Spaces Available” and the Streetline logo.
Driversby News/Media ReleaseJanuary 16, 2026

Streetline Expands Smart Truck Parking System on West Coast

Streetline is expanding smart truck parking tools, including a new I-5 deployment in Washington and a no-upfront-cost pilot model for state DOTs.

Read More →
Ad Loading...
Truck parked at night
Driversby Deborah LockridgeJanuary 15, 2026

Third 'Jason's Law' Truck Parking Survey Under Way

The Federal Highway Administration is asking motor carriers and truck drivers to give input on where and when drivers have difficulty finding truck parking, and on how drivers prefer to get information on available parking.

Read More →
Driversby StaffJanuary 8, 2026

FMCSA Continues Focus on State Issuance of Non-Domiciled CDLs

The Federal Motor Carrier Safety Administration continues a crackdown on an increasing number of states it says have been issuing non-domiciled CDLs improperly.

Read More →
Driversby Deborah LockridgeDecember 30, 2025

Will FMCSA’s Driver-Oriented Enforcement Initiatives Affect Capacity?

The Department of Transportation and the Federal Motor Carrier Safety Administration took several actions in 2025 to tighten enforcement of regulations for commercial drivers. Will those affect trucking capacity in 2026?

Read More →
Ad Loading...
Driversby Deborah LockridgeDecember 15, 2025

Q&A: Lisa Kelly Explains Ice Road Trucking, Reality TV Editing, and Life as a Female Driver

Lisa Kelly talks to HDT about the return of the show Ice Road Truckers, what really happens on the ice roads, how reality TV shapes drivers’ stories, and the career she’s built beyond the show.

Read More →