Fleet Management

Diesel Prices Creep Upward for Third Straight Week

February 28, 2017, by Steven Martinez

Source: EIA
Source: EIA

Diesel prices in the U.S. crept upward last week, continuing a three-week streak of modest increases, according to the latest numbers from the Energy Department.

The average price of on-highway diesel fuel increased by half a cent last week, hitting $2.577 per gallon at the pump. The price is now nearly 59 cents more expensive than it was in the same week of 2016.

Across the country, prices were up or flat, depending on the region. The largest increase hit the Rocky Mountain states at 3.4 cents per gallon. The smallest change was seen in both New England and the Gulf Coast, where prices were flat for the week.

The average price of regular gasoline in the U.S. was up 1.2 cents last week, rising to $2.314 per gallon at the pump. The price is currently around 53 cents per gallon more expensive than it was a year ago at this time.

Gasoline prices varied up and down regionally with the largest increase hitting the West Coast at 4.6 cents per gallon. Prices were down by 2.4 cents per gallon last week in the Central Atlantic region.

The crude oil market saw more of the same as of the morning of Feb. 28, as offsetting forces from Middle East and U.S. oil production have kept prices from increasing or decreasing significantly for months now.  

The Organization of the Petroleum Exporting Countries has so far complied with its agreement to reduce or freeze oil production to meet lower global demand and improve prices. However, by bringing prices up from the lows seen in 2016, U.S. oil production has rallied, dampening crude oil pricing gains expected from the OPEC deal. According to a report on CNBC.com, oil drillers in the U.S. were operating 602 rigs last week, the most since October. 2015.

Comment On This Story

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


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

Hi everyone! We've opened up voting for the 2018 Public Fleet Hall of Fame. Anyone registered on FleetShare can vote by April 10. It...

View Topic

I am looking for a used bucket truck for around $50k for our traffic division. The only stringent requirement is the 50' bucket work...

View Topic

Fleet Documents

1126 Fleet Documents (and counting) to Download!

Sponsored by

In the United States, the specific terminology, “Full Service Lease,” is typically used in heavy-duty truck leasing where lessor responsibilities often include garaging, washing, the provision of replacement trucks for use when the leased truck is out of service because of maintenance requirements, and occasionally, even fuel.

Read more