The price of diesel fuel plateaued last week, increasing by less than a cent nationally, according to the latest numbers from the Energy Department.
by Staff
May 9, 2016
2 min to read
Source: EIA
The price of diesel fuel plateaued last week, increasing by less than a cent nationally, according to the latest numbers from the Energy Department.
The average price of on-highway diesel fuel increased by 0.5 cents last week, hitting $2.271 per gallon. The price is more than 60 cents cheaper than it was in the same week a year ago.
Ad Loading...
Price increases by area were negligible in most cases, with the most significant increase occurring in the Rocky Mountain region at 2.2 cents. On the Gulf Coast, which hosts some of the country’s lowest fuel prices, the price of diesel decreased by 0.6 cents.
The average price of regular gasoline fell last week by 2 cents to $2.22 per gallon. The price of a gallon of gas is around 47 cents cheaper that it was 12 months ago.
While prices fell overall, they fluctuated by region, with a 4.7-cent increase coming to the Rocky Mountain region and a 6.7-cent decrease occurring in the Midwest.
Ad Loading...
The price of crude oil fell on May 9, as markets reacted to reports of increased U.S. oil output and the slowing of fires in Canada which had been threatening oil production in the area, according to a Wall Street Journal report.
With the Fort Murray Fire devastating a large swath of Alberta, Canada. the price of oil initially rose as the fire threatened oil production facilities. The fires have since slowed and do not pose the same threat as they had last week, and the oil markets adjusted on Monday. Also affecting oil prices was a report that oil inventories at a delivery hub in Oklahoma had increased 1.4 million barrels. This increase compounded to the current global oversupply of oil.
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.