Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Diesel Prices Plateau Again, Crude Oil Hits Month Low

Diesel fuel prices in the U.S. have plateaued again, changing by less than a cent over the past three weeks, according to the latest numbers from the Energy Department.

by Staff
October 31, 2016
Diesel Prices Plateau Again, Crude Oil Hits Month Low

 

2 min to read


Source: EIA

Diesel fuel prices in the U.S. have plateaued again, changing by less than a cent over the past three weeks, according to the latest numbers from the Energy Department.

Ad Loading...

The average price of on-highway diesel fuel was up 0.01 cents last week, increasing to $2.479 per gallon at the pump. The average price is nearly equal to where it was in the same week of 2015 and is cheaper by only 0.06 cents.

Ad Loading...

Prices were up in most regions of the U.S. with the largest increase occurring on the West Coast at 1.9 cents per gallon. Some areas saw a decrease in prices with the largest drop being a 0.9-cent decrease in the Rocky Mountain region.

The price of regular gasoline was down last week, falling 1.3 cents and settling at 2.23 cents per gallon. Compared to prices in the same week of last year, gasoline is 0.06 cents more expensive.

The largest decrease in prices by region was in the Midwest where prices fell 3.2 cents for the week. Prices were up in some areas with the West Coast posting a 1.7-cent increase for the week.

Crude oil prices were at the lowest levels in a month as several non-OPEC member countries declined to adjust production levels to lower global demand, according to a MarketWatch report.

Rumors have abounded about a tentative agreement between members OPEC to freeze production levels and address a supply glut that has kept oil prices at low levels for most of 2016. However, with the prospect of a deal becoming uncertain and non-OPEC countries refusing to participate, prices may hover around $50 per barrel for the foreseeable future.

More Fuel Smarts

Dual truck tires with black aerodynamic wheel cover and a man bending down getting ready to take one off
Fuel Smartsby Deborah LockridgeApril 10, 2026

Deflecktor: Hubbub Aerodynamic Wheel Cover Cost-Effective Even for 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.

Read More →
Podcast thumbnail saying "How to Save on Fuel Costs" with diesel pump in the background and photo of the woman guest
Fuel SmartsApril 9, 2026

Cutting Fleet Fuel Costs in a Volatile Market [Listen]

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.

Read More →
YouTube thumbnail saying "How to Save on Fuel Costs" with woman's photo and a photo of a diesel price pump
Fuel Smartsby Deborah LockridgeApril 9, 2026

Diesel Price Swings Aren’t Over. What Can Your Fleet Do?

Practical steps fleets can take to manage fuel costs, from purchasing strategies to driver behavior.

Read More →
Ad Loading...
Illustration with oil wells, dollar bills, and a diesel fuel pump
Fuel Smartsby Deborah LockridgeApril 7, 2026

Diesel Prices Surge Toward Record Highs as Oil Price Volatility Intensifies

Prices jumped another 24 cents in a week, with California topping $7.50 and new data showing fleet fuel costs may already be at record levels.

Read More →
Blue Volvo European cabover truck on snowy road
Fuel Smartsby News/Media ReleaseApril 1, 2026

Volvo Testing Hydrogen-Fueled Internal Combustion Engines on Trucks in Europe

Hydrogen combustion engine trucks will be especially suitable over longer distances and in regions where there is limited charging infrastructure or time for recharging of battery-electric trucks, according to the company.

Read More →
Three CEOs pose displaying binders with memorandum of understanding
Fuel Smartsby Deborah LockridgeApril 1, 2026

Toyota’s Entry Into Cellcentric Signals Push to Accelerate Hydrogen Truck Adoption

By joining Daimler Truck and Volvo, Toyota brings fuel cell expertise to a joint effort aimed at making hydrogen viable for heavy-duty transport.

Read More →
Ad Loading...
Illustration with oil wells, dollar bills, and a diesel fuel pump
Fuel Smartsby Deborah LockridgeMarch 31, 2026

U.S. Diesel Prices Hit $5.40, Top $7 in California

Trucking operators are slowing speeds, cutting empty miles, and declining unprofitable freight as diesel costs continue to rise due to conflict in the Middle East.

Read More →
Illustration showing diesel exhaust fluid pump sign and EPA headquarters
Equipmentby Deborah LockridgeMarch 30, 2026

EPA Targets DEF Sensor Failures Behind Truck Derates

New guidance allows engine makers to replace problematic DEF sensors with NOx-based systems, aiming to reduce unnecessary derates and downtime caused by failures in the sensors designed to monitor diesel exhaust fluid on trucks.

Read More →
Circles with trucks demonstrating sustainable features and Top Green Fleets logo
Fuel Smartsby Deborah LockridgeMarch 27, 2026

Heavy Duty Trucking is Searching for the Top Green Fleets of 2026

Is your company a leader in sustainability efforts among trucking fleets? If so, Heavy Duty Trucking's editors want to hear from you.

Read More →
Ad Loading...
Podcast thumbnail saying "Trucking's Digital Frontier"
Equipmentby Deborah LockridgeMarch 26, 2026

What's Real in Advanced Truck Technology? ACT Expo's Erik Neandross Weighs In

Artificial intelligence, the software-defined vehicle, telematics, autonomous trucks, electric trucks and alternative fuels, and more in this HDT Talks Trucking interview

Read More →