The price of diesel fuel hit its highest level in more than three years last week.
2 min to read
If fuel prices have seemed higher at the pump than normal, you’re not imagining things. The average price of a gallon of diesel fuel in the U.S. hit more than $3.15 last week, and in many parts of the country it is much higher than that.
The price of diesel fuel has been steadily increasing for the past six weeks — up 18.5 cents since March 19. There has also been a long-term trend toward higher prices since they bottomed out at under $2 per gallon in February 2016. In just the last year, the average price has jumped more than 57 cents per gallon.
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Average diesel prices have increased more than 18 cents in the past six weeks. Source: EIA
Prices in all parts of the U.S increased last week, with California having the highest diesel prices by far at $3.834 per gallon. The lowest prices in the country were found in the Gulf Coast region at $2.946 per gallon.
The largest increase in prices last week occurred in the Midwest region, where prices rose by 3.6 cents per gallon. The smallest increase was in the Gulf Coast region at just 1 cent per gallon.
Global crude oil prices have been on the rise in the past month, caused by increased tension in the Middle East and the possibility that the U.S. will end its nuclear deal with Iran.
In a televised address on April, 30, Israeli Prime Minister Benjamin Netanyahu accused the Iranians of violating its agreement to suspend a nuclear weapons program. If the Iran nuclear deal falls through, that would mean increased sanctions on the nation which could reduce the oil supply by as much as 500,000 barrels of oil per day, according to a Marketwatch report.
In addition, Saudi Arabia recently signaled its intention to try to push crude oil prices back up to around $80 per gallon.
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Oil prices closed higher on Monday, with June West Texas Intermediate crude oil rising to $68.47 a barrel on the New York Mercantile Exchange, while June Brent crude prices rose to $75.17 a barrel on ICE Futures Europe, a new 52-week high and the most since late 2014.
Purdue researchers demonstrated a high-power wireless charging system capable of delivering energy to electric heavy-duty trucks at highway speeds, advancing the concept of electrified roadways for freight transportation.
The Environmental Protection Agency is asking diesel engine makers to provide information about diesel exhaust fluid system failures as it considers changes to emissions regulations.
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.
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