Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Diesel Prices Plateau While Oil Markets Evaluate Brexit

The price of diesel fuel remained relatively unchanged for the third straight week and the energy markets are still feeling the effects from the United Kingdom’s vote to leave the European Union.

by Staff
July 5, 2016
Diesel Prices Plateau While Oil Markets Evaluate Brexit

 

2 min to read


Source: EIA

The price of diesel fuel remained relatively unchanged for the third straight week and the energy markets are still feeling the effects from the United Kingdom’s vote to leave the European Union, according to the latest numbers from the Energy Department.

The average price of on-highway diesel fuel dropped by 0.3 cents last week, settling at $2.423 per gallon. The price is 40.9 cents than it was in the same week a year ago.

Ad Loading...

There are usually significant differences in fuel price fluctuations region to region but prices were slightly down in nearly all areas. The largest decrease in prices was in the New England region at 0.9 cents per gallon while the largest increase in prices was 0.7 cents in the Rocky Mountain region.

The average national price of regular gasoline was down last week by 3.8 cents, hitting $2.291 per gallon. The current average price is 50.2 cents cheaper than it was in the same a week in 2015.

When separated by region, the largest decrease in prices was in the Midwest with an 8.3-cent drop for the week. The smallest change in prices were on the West Coast where prices fell 0.5 cents.

Ad Loading...

The price of crude oil was down on July 5 as energy prices have felt the effects of the UK’s vote to leave the EU, according to a CNBC report. The worry is that the, economic downturn in the UK would slow the global economy, reducing demand for oil.

While oil prices had been steadily rising for the past few months on news that oil producers would be reducing the supply of oil, a slower economy could prevent the prices from continuing to increase.

More Fleet Management

Saegic TrackRR Gateway solar-powered trailer telematics device shown alongside screenshots of the Saegic Cloud Platform displaying trailer location, tire monitoring, and equipment status.
Fleet Management•November 4, 2026

Road Ready Becomes Saegic, Launches New Trailer Telematics Gateway

Clarience Technologies is rolling out new hardware and expanding its plans for connecting trailer telematics, maintenance data, and video.

Read More →
HDT Cyber Stop graphic pairing a laptop displaying binary code with a person using a clipboard to inspect a truck chassis, against a background of padlock icons.
Fleet Management•November 2, 2026

Give Your Trucking Fleet a Cybersecurity Walkaround

Your fleet's cybersecurity policies may look good on paper. These seven checks can help you find out whether they’re working.

Read More →
Western Star pulling double trailers in the Permian Basic for Atlas Energy Solutions
Fleet Management•by Deborah Lockridge•October 30, 2026

Kodiak Lines Up Fleets for Driverless Trucking

An agreement for 75 trucks, a new Texas freight lane, and progress on safety validation move Kodiak closer to its planned driverless highway launch.

Read More →
Ad Loading...
Illustration with Star of David and EEOC logo
Fleet Management•by News/Media Release•October 28, 2026

ITS Logistics Settles Religious Harassment Case

The Nevada-based logistics firm agreed to pay more than $396,000 to settle a religious harassment charge involving an employee's Jewish identity.

Read More →
Truck on divided interstate highway driving toward sunrise
Fleet Management•October 27, 2026

Your Trucks Are Busy. That Doesn’t Mean They’re Winning.

High utilization doesn’t always mean strong margins. Looking beyond the current load can help fleets make better dispatch decisions and get more value from each truck’s time.

Read More →
ATA economist Bob Costello speaking beside a graph showing truckload operating costs rising as freight revenue per mile declined after 2022.
Fleet Management•by Deborah Lockridge•October 22, 2026

Why This Trucking Recovery Is Different

Freight demand remains sluggish, but rising costs and tougher enforcement have taken enough capacity out of the market to change the outlook for motor carriers.

Read More →
Ad Loading...
PS Coach tablet interface showing a driver’s coaching inbox, safety event video and coaching advice for a harsh-braking event.
Fleet Management•by News/Media Release•October 21, 2026

Platform Science Adds Dispatch and Safety Tools

Four additions to PS Fleet help fleets monitor loads, manage driver coaching, share truck locations and adjust video system settings.

Read More →
Screen capture showing PrePass Intelligence data on tolls
Fleet Management•by News/Media Release•October 21, 2026

PrePass Intelligence Mines Fleet Bypass, Toll and Safety Data

PrePass Intelligence helps fleets measure bypass savings, flag potential toll overcharges, and spot suspicious transactions by combining data from separate systems.

Read More →
Computer screen showing examples of what fleets could ask Motive AI Agents to do
Fleet Management•by Staff•October 20, 2026

Motive Adds AI Agents for Fleet Operations

New tools automate follow-up on fleet data, from maintenance work orders to driver alerts, with two-way voice conversations planned for later this year.

Read More →
Ad Loading...
Graphic art with a heavy-duty tractor trailer and a work truck with the words "trivia lunch"
Fleet Management•by Lauren Fletcher•October 19, 2026

Can You Beat Our Trucking Trivia Challenge?

Test your truck knowledge with 19 trivia questions from Heavy Duty Trucking Exchange. Can you keep up with the fleet pros?

Read More →