Clean Diesel – Diesel Technology

Diesel Ends 5-Week Rally, Falls Below $2.92

March 16, 2015, by Evan Lockridge

A rally for on-highway diesel prices has ended with the average cost of the fuel falling for the first in more than a month, according to the latest weekly report from the U.S. Energy Department, as the price of crude oil is down dramatically.

Trucking’s primary fuel is down 2.7 cents from a week ago, hitting $2.917 per gallon, following five straight weekly increases where it collectively gained 16.3 cents. Compared to this week a year ago the price is $1.086 less.

Diesel prices increased in only one part of the country over the past week, the Rocky Mountain region, by 1.1 cent, averaging $2.812 per gallon. The largest regional decline was in New England, 6.2 cents, for an average of $3.27 per gallon.

Diesel now averages between a low of $2.763 in the Gulf Coast region, down 3.2 cents from last week, to a high of $3.311 in the Central Atlantic states, a drop of 2.2 cents over the same time.

The average cost of regular grade gasoline also fell over the past week, giving up 3.4 cents, hitting $2.453 per gallon. Compared to a year ago the price is $1.094 less.

Prices fell in all parts of the country from last week, except in the Rocky Mountain region, where it gained 5.6 cents for $2.28 per gallon.

Gasoline now ranges from a low of $2.22 in the Gulf Coast states to a high of $3.116 in the West Coast region.

Meantime, the price of oil on Monday fell in trading in New York, settling at $43.88 per barrel, after being as low as $42.85 earlier in the day, its lowest level since March 2009. It lost 96 cents for the day following signs of higher crude output by the U.S. and Libya the possibility a deal on Iran’s nuclear program could be worked out with western nations and the easing of sanctions, allowing for more of its oil on the world market.

Last month oil prices rallied slightly following the more that 50% drop from last summer, however it was short lived. Since last Tuesday’s closing price oil in New York is down more than $6 per barrel.

Comment On This Story

Comment: (Maximum 10000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

Article News

Popular Stories


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Public Fleet Tracking And Telematics

Amin Amini from Verizon Connect will answer your questions and challenges

View All


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Recent Topics

We are in process of auditing different departments for underutilized vehicles and have already come across vehicles that we need to...

View Topic

would anyone be willing to share there salary ranges for equip tech I thru III, and a welder salary range also

View Topic

Fleet Documents

1117 Fleet Documents (and counting) to Download!

Sponsored by

Henry Paetzel was the manager of automotive services at  General Mills until he retired from the company in 2007.

Read more