Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Oil Gains Ground While Diesel Rises for Fourth Straight Week

The price of oil is inching back closer to the $100 a barrel mark while diesel fuel prices, rising for the fourth straight week, hit their highest level since the latter half of October.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
February 11, 2013
Oil Gains Ground While Diesel Rises for Fourth Straight Week

 

2 min to read


The price of oil is inching back closer to the $100 a barrel mark while diesel fuel prices, rising for the fourth straight week, hit their highest level since the latter half of October.

Ad Loading...

Crude oil gained $1.31 per barrel Monday in New York trading, closing at $97.03 as the Euro strengthened against the dollar, making it a more attractive buy for foreign investors. The price has gained nearly a dollar over the past week, despite small swings back and fourth. This is the first time it has closed above the $97 mark in more than a week.

Ad Loading...

Diesel increased for the fourth straight week according to a new U.S. Energy Department report, adding 8.2 cents from last week, for a U.S. average of $4.104 per gallon. In mid January, when it recorded its last weekly decline, the average cost was $3.894 per gallon, its lowest level so far this year.

The latest price is 16.1 cents per gallon higher than the same time a year ago.

Diesel picked up in all parts of the country with gains of 10 cents per gallon or more recorded in the Midwest and Rocky Mountain regions. It ranges from an average of $3.964 in the Rocky Mountain region to $4.266 in New England, though the West Coast is close behind it at $4.265 per gallon.

Other average regional prices include the East Coast, $4.152; Central Atlantic, $4.216; Lower Atlantic, $4.083; Midwest, $4.08 and Gulf Coast, $3.997. California’s average prices came in at $4.331 per gallon.

Gasoline prices, according to the DOE, are up for the sixth straight week, to their highest level so far this year, averaging $3.611 per gallon and up 7.3 cents over last week. The last time the average price of gasoline declined was the first week of the year, which was its lowest level so far in 2013, at $3.233 per gallon. Prices increased in all regions of the country over the past week, with averages between $3.274 in the Rocky Mountain region to $3.867 along the West Coast.

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 →