The average price of diesel fuel has risen about 40 cents from a near $2 low earlier this year, according to the latest numbers from the Energy Department.
by Staff
May 31, 2016
1 min to read
Source: EIA
The average price of diesel fuel has risen about 40 cents from a near $2 low earlier this year, according to the latest numbers from the Energy Department.
The price of a gallon of on-highway diesel fuel increased 2.5 cents last week, bringing the average of diesel fuel to $2.382 per gallon. Despite the increases, that price is still 52.7 cents cheaper than it was a year ago.
Ad Loading...
Prices were up in every corner of the U.S. with the largest increase hitting the West Coast at 5.3 cents per gallon. The smallest change occurred in the Rocky Mountain region, where prices only increased by 1.7 cents per gallon.
The average price of a gallon of regular gasoline also increased for the week, jumping 3.9 cents to $2.339. That price is 44.1 cents cheaper than it was for the same week last year.
The highest increase in gas prices was in the Midwest with the average price for the region jumping 6 cents for the week. The smallest increase was on the West Coast. where prices increased 1.5 cents.
Ad Loading...
Crude oil prices dropped slightly on May 31st, staying just below $50 a barrel according to a CNBC report. Recent comments from a senior OPEC member were optimistic that the current oil prices reflected that the market had corrected upward in recent months.
A new report from the Electrification Coalition outlines key barriers slowing electric truck charging deployment and offers policy solutions to accelerate infrastructure growth.
Westport and Volvo are demonstrating a 500-hp truck with diesel-like efficiency — one that also offers what Westport says is a better pathway to using hydrogen fuel in trucks.
Relying on diesel alone exposes fleets to fuel price volatility. Here’s why diversification with electric, natural gas, and renewable fuels can reduce risk.
Range Energy said its production-ready eTrailer system proved it can boost stability, safety, and efficiency in sub-zero winter conditions as the company moves toward scaled deployment.
Watch to learn how Deflecktor's new wheel cover design is taking a simpler approach to aerodynamics, with an eye toward making it more practical for both trucks and trailers.
Aerodynamic wheel covers can deliver small but meaningful fuel-economy gains for fleets, and Deflecktor says its latest design aims to make the technology easier and more affordable to deploy.
When diesel prices are as volatile as they've been in 2026, it makes it tough for trucking fleets to plan and control costs. Breakthrough Fuel's Jenny Vander Zanden has insights on near-term savings strategies.