Diesel Prices Forecast to Move Lower in the Short-Term
Despite the first upturn since November in average diesel prices this week, expect prices to move slightly lower at least for a while longer, according to the U.S. Energy Department and its latest Short-Term Energy Outlook released on Wednesday.


Despite the first upturn since November in average diesel prices this week, expect prices to move slightly lower at least for a while longer, according to the U.S. Energy Department and its latest Short-Term Energy Outlook released on Wednesday.
It has lowered is forecast for the average cost of on-highway diesel this year to $2.83 per gallon, down 2 cents from last month’s report and is in sharp contract to last year’s average of $3.83.
The fuel is expected to average $2.87 in the first quarter of the year before slipping a little more to $2.71 in the second quarter. In the third quarter it is forecast to move higher to $2.78 before averaging $2.98 in the final quarter of 2015.
In 2016 DOE expects diesel to average $3.24.
This forecast come as the department predicted oil prices of $55 per barrel for benchmark West Texas Intermediate crude this year, up less than 50 cents from last month’s forecast, and $71 in 2016, though it says there is “very high uncertainty in the price outlook.”
It said the 50% drop in oil prices from the highest levels seen last year are due to “continued growth in U.S. tight oil production and strong global supply, amid weaker global oil demand growth, which contributed to rising global oil inventories.” Also U.S. inventories of crude oil lately have reportedly been the highest ever.
The U.S. is projected to produce 9.3 million barrels of crude oil per day of oil this year and 9.5 million in 2016, close to the record 9.6 million barrels per day hit in 1970.
Regular grade gasoline prices are expected to average $2.33 this year, nearly the same as DOE’s report from a month ago, and compares to an average of $3.44 in 2014. The 2016 average is forecast at $2.73.
“The average household is now expected to spend about $750 less for gasoline in 2015 compared with last year because of lower prices,” the department said in the report.
More Fuel Smarts

DTNA Software Update Gives Truckers More Time Before DEF Derates Take Effect
The changes reflect EPA guidance aimed at reducing downtime caused by emissions-system faults while maintaining compliance requirements.
Read More →
New Agentic Predictive Maintenance Report Demonstrates How Degraded Aftertreatment Systems Waste Fuel
Questar analyzed a large mixed-class fleet and discovered it was wasting as much as $30 in fuel per vehicle, per day, because of mechanically degraded aftertreatment systems.
Read More →
New York City's Microhub Project is Delivering Results
Trucking, last-mile delivery companies, and environmental advocates like what they are seeing so far with New York's microhub program.
Read More →
Lessons Learned About Alternative Fuels: Start Small, Stay Flexible
Practical advice on adopting alternative fuels and ZEVs from HDT's 2026 Top Green Fleets, from renewable diesel and natural gas to electric trucks.
Read More →
Kempower Adds Flex EV Charger to Help Support Transition to Megawatt Charging
The Kempower Mega Satellite Flex has both a CCS and MCS connector, allowing operators to serve both types of heavy-duty vehicles.
Read More →
Hino Adds Electric Class 6/7 Truck
Hino says the Le Series is an important step in the company's efforts to reduce environmental impact and support its customers’ sustainability goals.
Read More →
Can Multi-Speed EV Transmissions Solve Heavy Trucking’s Biggest Electric-Vehicle Problems?
A startup called Sigma Powertrain believes purpose-built multi-speed gearboxes can boost efficiency, reduce battery size and improve gradeability for heavy-duty battery-electric trucks.
Read More →
Hendrickson Debuts Electraax E-Axle for Medium-Duty Trucks
Developed with Driventic, Hendrickson's new integrated e-axle is designed to improve efficiency, reduce weight, and extend range in Class 6-7 EV applications.
Read More →
50 Ways Fleets Can Cut Fuel Costs Now — Without Buying New Trucks
Fuel savings don’t come from one big change. They come from dozens of small ones. Here’s how leading fleets are stacking gains across drivers, routing, maintenance, and more.
Read More →
Top Green Fleets 2026: How Fleets Are Reducing Emissions in the Real World
What works in sustainable trucking today? Heavy Duty Trucking's Top Green Fleets are finding practical ways to cut fuel use, reduce emissions, and keep freight moving.
Read More →
