Fleet Management

Diesel Prices Rise for First Time in a Month

February 13, 2017

Source: EIA
Source: EIA

Diesel prices increased for the first time in nearly a month but have overall remained nearly flat during the same period of time, according to the latest numbers from the Energy Department.

The average price of on-highway diesel fuel fell by 0.7 cents last week, settling at $2.565 per gallon at the pump. After peaking at nearly $2.59 per gallon in early January, the price has hovered around $2.56 per gallon for the past month. Compared to the same week in 2016, the price of diesel fuel is now 58.5 cents more expensive per gallon.

The largest increase in prices hit the Gulf Coast region, where prices jumped by 2.1 cents last week. While most regions saw price increases, diesel prices fell in the Midwest by 0.5 cents.

The average price of regular gasoline was also up last week, increasing 1.4 cents per gallon at the pump. The price is now 58.3 cents more expensive per gallon than it was in the same week a year ago.

Price changes varied by region with the largest increase in prices hitting the West Coast at 3.2 cents per gallon. The largest price decrease occurred in the Lower Atlantic region with a 1.1-cent drop for the week.

Crude oil prices were down again on Feb. 13 over the prospect of increased U.S. oil production, according to a MarketWatch Report.  

The major OPEC global oil producers have so far complied with an agreement to freeze and reduce oil production to stabilize the market. However, increased oil production in the U.S. has offset the expected price increases.

Comment On This Story

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

FleetFAQ

Public Fleet Tracking And Telematics

Amin Amini from Verizon will answer your questions and challenges

View All

Recent Topics

Has anyone played with the idea of leasing vehicles' vs. purchasing. And are there any benefits to it. I know Enterprise offers a...

View Topic

Does anyone run a University fleet similar to ours? New Jersey City University has approximately 10,000 students, 1000 faculty & staff,...

View Topic

Fleet Documents

1018 Fleet Documents (and counting) to Download!

Sponsored by

Texting has become an issue in the fleet industry due to the fact that doing while driving can lead to collisions. This activity represents potential liability for private- and public-sector organizations with fleets.

Read more