The fuel cost component of FTR's Trucking Conditions Index recorded the largest negative change in more than three years.
The increase in crude oil prices – and therefore diesel prices – is led by recovering demand and suppressed supply, the roll-out of the COVID-19 vaccine, and falling inventories, analysts say.
National average diesel fuel prices were $2.67 per gallon as of Jan. 11, according to the U.S. Energy Information Administration.
The average national cost of diesel has continued to rise. While not hitting previous year prices, it's one trend to watch.
National average diesel fuel prices were $2.50 per gallon as of Nov. 30, 2020, according to the U.S. Energy Information Administration. This uptick is higher than prices in late June and late August and is reaching peaks not seen since mid April.
Overall national average prices down around 66 cents per gallon compared to same time last year. Prices have remained relatively stable since early May.
National average diesel fuel prices were $2.39 per gallon as of Sept. 28, 2020, according to the U.S. Energy Information Administration (EIA).
National average diesel fuel prices hit $2.44 per gallon as of July 13, according to the U.S. Energy Information Administration (EIA). This is a less than 1-cent rise from the previous week.
National average diesel fuel prices hit $2.43 per gallon as of June 22. This represents a 3-cent rise from the previous week, but overall, prices are still down around 62 cents per gallon compared to same time last year.
After dropping as a result of the COVID-19 shutdowns, national average diesel fuel prices have stabilized in recent weeks. As of June 15, national average diesel fuel prices are sitting at $2.40 per gallon, down $0.67 from the same time last year and up barely 1 cent over last week.