Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Diesel Prices Spike After Three Months of Decreases

Diesel prices are up this week after a three-month-long downward trend, but gasoline prices continue to decline. Oil prices rose on Monday due to concerns that a labor dispute in Norway could lead to a complete shutdown of the country's oil production

by Staff
July 9, 2012
Diesel Prices Spike After Three Months of Decreases

 

1 min to read


Diesel prices are up this week after a three-month-long downward trend, but gasoline prices continue to decline. Oil prices rose on Monday due to concerns that a labor dispute in Norway could lead to a complete shutdown of the country's oil production.

Ad Loading...



The national average price of diesel is up 3.5 cents this week to $3.683 per gallon, according to the Energy Department's weekly report. The New England and Rocky Mountain regions were the only two that experienced price decreases. With prices up 5.8 cents, the Midwest saw the highest price increase for diesel.

Gasoline prices continued to fall this week, the DOE reports, dropping by 8.1 cents to $3.356 per gallon. Gas prices are at their lowest since January.

Light, sweet crude for August delivery settled at $85.99 a barrel on the New York Mercantile Exchange, up $1.54. Brent crude on the ICE futures exchange was up $1.79, or 2.2%, to $99.98 a barrel.

Affecting oil prices this week is a strike by Norwegian petroleum workers, who are at a standoff with oil companies over the terms of their retirement package. The companies are threatening to halt all production and to lock out the workers if a deal isn't reached. Norway is the world's eighth-largest oil exporter. Currently, the country pumps about 2 million barrels per day, roughly equivalent to 2.2% of global supply.

More Drivers

Illustration of Department of Labor building, diesel technician at a computer, and driver training semi trailer
Driversby Deborah LockridgeMarch 10, 2026

Federal Proposal Would Allow Pell Grants for Shorter-Term Job Training

The Department of Labor plans to expand Pell Grant eligibility to some shorter workforce training programs, a move the American Trucking Associations said will help strengthen commercial driver training schools and diesel technician training programs.

Read More →
Illustration of truck owner operator and magnifying glass with the word "regulations"
Driversby Deborah LockridgeFebruary 26, 2026

Owner-Operator Model Gets Boost as DOL Proposes 2024 Independent Contractor Definition Reversal

For an industry that has watched this issue go back and forth for years, the independent contractor proposal marks the latest swing in the regulatory pendulum.

Read More →
 Truck with door open and enforcement officer talking to driver about ELD
DriversFebruary 26, 2026

FMCSA Reinstates Field Warrior ELD to Registered Device List

One electronic logging device has been reinstated to the FMCSA's list of registered ELDs.

Read More →
Ad Loading...
Photo of truck driver in yellow safety vest walking alongside tractor-trailer
Driversby Deborah LockridgeFebruary 25, 2026

How One Company is Using Smart Suspension Technology to Reduce Driver Injuries and Improve Retention

America’s Service Line adopted Link’s SmartValve and ROI Cabmate systems to address whole-body vibration, repetitive strain, and driver turnover. The trucking fleet is already seeing measurable results.

Read More →
Illustration with photos from some of the 2026 Best Fleets to Drive For honorees
Driversby News/Media ReleaseFebruary 24, 2026

CarriersEdge Announces 2026 Best Fleets to Drive For

The 18th annual contest recognizing the best workplaces for truck drivers sees changes to Top 20, Hall of Fame

Read More →
Illustration of driver students around trucks with distressed graphic elements and safety cones
Driversby Deborah LockridgeFebruary 19, 2026

FMCSA Targets 550+ ‘Sham’ CDL Schools in Nationwide Sting Operation

The Federal Motor Carrier Safety Administration issued more than 550 notices of proposed removal to commercial driver training providers following a five-day nationwide enforcement sweep. Investigators cited unqualified instructors, improper training vehicles, and failure to meet federal and state requirements.

Read More →
Ad Loading...
 Illustration showing a driver behind the wheel, DOT offices, and examples of problematic non domiciled CDL
Driversby Deborah LockridgeFebruary 18, 2026

DOT Alleges Illinois Issued Illegal Non-Domiciled CDLs

Illinois is the latest state targeted and threatened with the loss of highway funding by the U.S. Department of Transportation in its review of states' non-domiciled CDL issuance procedures. The state is pushing back.

Read More →
 Illustration showing a driver behind the wheel, DOT offices, and examples of problematic non domiciled CDL
Driversby Deborah LockridgeFebruary 12, 2026

FMCSA Locks in Non-Domiciled CDL Restrictions

After a legal pause last fall, FMCSA has finalized its rule limiting non-domiciled commercial driver's licenses. The agency says the change closes a safety gap, and its revised economic analysis suggests workforce effects will be more gradual than first thought.

Read More →
Photo of Stone's Truck Stop
Driversby News/Media ReleaseFebruary 5, 2026

Trucker Path Names Top Truck Stops for 2026

Truck driver ratings reveal the best chain and independent truck stops in the country.

Read More →
Ad Loading...
SponsoredFebruary 1, 2026

6 Dashcam Tactics to Improve Safety & ROI

6 intelligent dashcam tactics to improve safety and boost ROI

Read More →