Diesel Remains Near Four-Year Low of $3.62
Diesel and gasoline prices keep moving lower while the price of oil has gained a little ground over the past week.


Diesel and gasoline prices keep moving lower while the price of oil has gained a little ground over the past week.
New U.S. Energy Department numbers show the average price of on-highway diesel has fallen 3.3 cents to $3.628 per gallon, just a 0.5 cent higher than a more than three-year low hit three weeks earlier.
Compared to the same time a year ago the average price is 21.6 cents lower.
Prices declined in all parts of the country over the past week, ranging from 1.4 cent in the Central Atlantic states at $3.598 per gallon, to 4.3 cents in the Midwest at $3.743, the highest priced region in the country. Compared to the same time in 2013 prices are between 8.6 cents less in the Midwest to 39.8 cents less in New England at $3.605.
The least expensive part of the country for diesel is the Lower Atlantic states at $3.441, down 2.8 cents from a week ago.
The average cost of regular grade gasoline also fell over the past week, shedding 7.3 cents for an average of $2.821, its lowest level in four-years. Compared to this time in 2013 the price is 47.2 cents less.
Prices are down in all parts of the country over the past week and compared to the same time last year.
Gasoline ranges from a low of $3.593 in the Gulf Coast region to a high of $3.048 in the West Coast region.
Meantime, the price of crude has recovered slightly over the past week despite inching lower on Monday. It closed down 73 cents in New York trading at $75.78 per barrel. That compares to last Tuesday’s opening price of $75.49 per barrel and only a little more than a $1.50 higher than the four-year low hit earlier this month.
OPEC oil cartel ministers are set to meet later in the week to decide on possible crude production cuts in an effort to push prices higher, though some analysts doubt such a move would accomplish this due to falling demand from China and increasing U.S. crude production.
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 →
