The price of diesel fuel in the U.S. was essentially flat last week, falling less than a cent, according to the latest numbers from the Energy Department.
by Staff
August 15, 2016
2 min to read
Source: EIA
The price of diesel fuel in the U.S. was essentially flat last week, falling less than a cent, according to the latest numbers from the Energy Department.
The average price of on-highway diesel fuel fell by 0.6 cents last week, settling at $2.31 per gallon. While the gap is closing, the price is more than 30 cents cheaper than it was in the same week a year ago.
Ad Loading...
Prices were relatively flat in all major regions of the U.S., with the most significant drop coming to the West Coast at 1.2 cents per gallon. The smallest change was in the Midwest, where diesel prices decreased by only 0.2 cents.
The average price of regular gasoline was also basically unchanged from the previous week, falling 0.1 cents to $2.149 per gallon. The average price is nearly 57 cents cheaper than it was in the same week of 2015.
The largest decrease in gas prices was on the West Coast, where the price dropped by 3.9 cents. The largest increase in prices was in the Lower Atlantic region where gasoline jumped 2.5 cents for the week.
Crude oil prices seem to be turning around, hitting some monthly highs as several OPEC member countries have indicated that they may finally reduce production to counteract lower global demand, according to a Wall Street Journal report.
Crude oil prices had been dropping, attributed to OPEC inaction to curb high production levels despite the fact that demand in large markets like China has been low. However, analysts have been speculating that OPEC may finally adjust production levels. The Saudi Arabia energy minister indicated last week that his country could finally back an effort to adjust, according to the report.
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.