Related: Revised CARB Plan Includes $150 Million For Heavy Duty Vehicles
Diesel Prices Taper Off After Surge
After two straight weeks of price increases, diesel prices have tapered off with a slight decline last week, according to the latest numbers from the Energy Department.


Source: EIA
After two straight weeks of price increases, diesel prices have tapered off with a slight decline last week, according to the latest numbers from the Energy Department.
The national average price of on-highway diesel fuel fell by 0.3 cents last week, settling to $2.478 per gallon at the pump. The price is slightly cheaper than it was in the same week a year ago, down 2 cents by comparison.
Average prices moved up and down depending on the region with the largest decrease coming to the Lower Atlantic, falling 1.1 cents. On the opposite end of the spectrum, the largest increase in prices was in the New England region at 0.8 cents per gallon.
The price of regular gasoline was also down last week, falling 1.4 cents to $2.243 per gallon. For the first time this year, the average price of gasoline was more expensive than it was in the same week of 2015, up 1.5 cents per gallon by comparison.
Prices fluctuated by region with the largest decrease in prices hitting the Midwest at 4.8 cents per gallon. The largest increase in prices was the Rocky Mountain region at 1.7 cents per gallon.
Global crude oil prices were down on Oct. 24, with reports indicating that a deal between oil producing countries to freeze oil production may be torpedoed by Iraq, according to a MarketWatch report.
Prices had been increasing in recent weeks as a potential deal between Russia and the OPEC countries promised to finally address the overproduction of oil. However, Iraq has reportedly indicated that it will not be a part of any agreement due to its current fight against ISIS. The decision carries a lot of weight because Iraq is OPEC’s second-largest oil producer.
More Fuel Smarts

How GP Transco Builds Fuel Savings a Fraction at a Time
Aerodynamic specs, solar panels, and driver incentives help GP Transco turn small efficiency gains into savings it can reinvest in its people.
Read More →
Trucking’s Diesel Squeeze Isn’t Letting Up
With diesel topping $6 a gallon nationally, ATA's Bob Costello explains why fleets should prepare for continued pressure at the pump.
Read More →
FlowBelow Redesigns Trailer AeroSlider to Cut Fuel Use
The lighter trailer aerodynamic system installs in less than 45 minutes, according to the company, with potential payback in under a year depending on fuel prices and trailer mileage.
Read More →
Why Diesel Price Relief Efforts May Fall Short
Diesel prices have eased from September’s record high, but doubts about additional Russian supply and limits on dyed-diesel tax relief mean trucking fleets still face expensive fuel. And prices could go higher.
Read More →Why Small Fuel Savings Matter in Trucking
Can better fuel economy help pay for driver raises? In this podcast, GP Transco explains how small efficiency gains create room to reinvest in its people.
Read More →How GP Transco Cuts Trucking Fuel Costs, a Tenth of a Gallon at a Time
What’s another tenth of a mile per gallon worth? GP Transco shares how equipment upgrades and driver coaching turn small gains into meaningful fuel savings.
Read More →
Electric Yard Tractors Move Beyond Pilots
Operating-cost savings have overtaken sustainability goals as the leading reason surveyed fleets are adopting battery-electric terminal tractors, according to new NACFE research.
Read More →
Geotab Links Fleet Card to Vehicle Data
The new card combines fuel discounts with telematics-based purchase controls. Geotab’s analysis also points to potential savings from choosing lower-priced fuel stops.
Read More →
Fleet Economics Shape Electric Truck Outlook
ACT Research expects costs, charging infrastructure, and technology improvements to drive zero-emission commercial vehicle adoption as federal regulations and incentives retreat.
Read More →
Wex Adds Cardless Fuel Payments for Over-the-Road Customers
A new fuel card feature for Wex customers offers convenience and security.
Read More →
