The price of diesel fuel in the U.S. increased again, capping off a rally in fuel prices that began more than a month ago, according to the latest numbers from the Energy Department.
by Staff
January 3, 2017
2 min to read
Source: EIA
The price of diesel fuel in the U.S. increased again last week, capping off a rally in fuel prices that began more than a month ago, according to the latest numbers from the Energy Department.
The average price of on-highway diesel fuel jumped 4.6 cents last week, hitting $2.586 per gallon at the pump. As the streak of price increases continues, diesel fuel is now 37.5 cents more expensive than it was in the same week of the previous year.
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Prices increased in all major regions of the country with the largest spike hitting the Central Atlantic at 8.9 cents per gallon. The smallest amount of change was a 1.9-cent increase in the Rocky Mountain region.
The price of regular gasoline was also up last week, increasing 6.8 cents to an average of $2.377 per gallon at the pump. Regular gasoline is now nearly 35 cents more expensive than it was in the final week of 2015.
The largest increase in gas prices was in the Central Atlantic region with an 8-cent per gallon increase. The smallest increase was on the West Coast where prices still jumped 5.9 cents for the week.
Crude oil prices were down to two-week lows to start 2017 amid new concerns that oil producing countries might not stick to an agreement to freeze oil production, according to a MarketWatch report.
The anxiety is partly caused by the New Year, as new, lower oil production targets were set to kick in on Jan. 1. Until analysts are sure that oil producing countries involved in the deal will abide by the new quotas, the oil market could remain subdued. Prices were also negatively affected by a stronger dollar and a report showing that Libya may be increasing oil production.
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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