Diesel Prices See First Significant Increase in Nearly 2 Months
After holding nearly flat for more than a month and a half, the price of diesel fuel increased by more than 5 cents last week, according to the latest numbers from the Energy Department.
by Staff
October 11, 2016
2 min to read
Source: EIA
After holding nearly flat for more than a month and a half, the price of diesel fuel increased by more than 5 cents last week, according to the latest numbers from the Energy Department.
The average price of on-highway diesel fuel jumped by 5.6 cents for the week, hitting $2.445 per gallon at the pump. Despite the increase, the price is still more than 11 cents cheaper than it was in the same week of 2015.
Ad Loading...
Prices were up in all major regions of the U.S. with the largest increase hitting the Gulf Coast at 6.7 cents per gallon. The smallest increase in prices was in the Lower Atlantic region with a jump of 3.6 cents for the week.
The average price of regular gasoline was also up, though by a smaller amount, jumping 2.7 cents for the week to $2.272 per gallon. The price is only 6.5 cents cheaper than it was in the same week a year ago.
The largest increase in prices was in the Midwest region with a 4.8-cent jump. Prices were actually down slightly on the West Coast with a 0.4-cent drop at the pump.
Crude oil prices have been up lately as Russia and members of OPEC discussed a freeze to oil production in order to reduce a supply glut that has plagued the market so far this year. However, prices ended the day down a little bit on Oct.11, according to the Wall Street Journal, due to a new report indicating that supplies actually increased in September. Ironically, it was Russia that was cited as the main reason production levels increased, despite lower overall global demand this year.
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.
Safety, uptime, and insurance costs directly impact profitability. This eBook looks at how fleet software is evolving to deliver real ROI through proactive maintenance, AI-powered video telematics, and real-time driver coaching. Learn how fleets are reducing crashes, defending claims, and using integrated data to make smarter operational decisions.
Fleet software is getting more sophisticated and effective than ever, tying big data models together to transform maintenance, safety, and the value of your existing tech stack. Fleet technology upgrades are undoubtedly an investment, but updated technology can offer a much higher return. Read how upgrading your fleet technology can increase the return on your investment.
Idle reduction for heavy-duty trucks has come a long way. An updated playbook from the North American Council for Freight Efficiency explains what technologies deliver results today — and what’s coming next.