A decline in the price of diesel fuel was not meant to last, as prices once again increased only a week after the first drop in a month and a half.
by Staff
April 11, 2016
2 min to read
Source: EIA
A decline in the price of diesel fuel was not meant to last, as prices once again increased only a week after the first drop in a month and a half, according to the latest numbers from the Energy Department.
The national price of on-highway diesel fuel increased 1.3 cents nationally last week, bringing the average to $2.128 per gallon. With such a small increase this week, the price is still 62.6 cents cheaper than it was 12 months ago.
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While prices jumped in most parts of the country, the increases were small last week. The largest increase occurred in the Rocky Mountain region at 1.9 cents per gallon. The biggest decrease in prices was in the New England area, with a 0.6-cent drop.
In a reversal of last week’s results, the price of regular gasoline dropped by 1.4 cents on average, settling at $2.086 per gallon. That price is 33.9 cents cheaper than it was for the same week a year ago.
Prices varied up and down depending on the region, with the largest increase coming to the Rocky Mountain area at 3.2 cents. The largest decrease in prices was found in the Gulf Coast region at 3.4 cents.
Crude oil prices finished up on April 11, topping $40 per barrel for the first time since late March, according to a CNBC report. The crude oil market has risen slightly after bottoming out around $30 per barrel in early in 2016, however, the market has varied week to week as production is still too high.
An upcoming meeting of OPEC countries could lead to an agreed upon production freeze at current levels. That has caused crude prices to increase in anticipation. Some analysts are still cautious that it will have a large impact on prices as other large oil producing countries like Russia are unlikely to follow suit.
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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