Fuel Management

Diesel Prices Fall Slightly for the Third Week in a Row

July 11, 2016

Source: EIA
Source: EIA

The average price of diesel fuel dropped by nearly 1 cent last week, the fourth straight week of small price decreases, according to the latest numbers from the Energy Department.

The price of on-highway diesel fuel in the U.S. dropped by 0.9 cents for the week, settling at $2.414 per gallon. The price is 40 cents cheaper than it was for the same week a year ago.

The largest average price decrease by region was in the Gulf Coast region, which saw prices drop by 2.1 cents per gallon last week. In the Rocky Mountain region, the average price actually increased slightly, moving up 0.9 cents.

The price of regular gasoline dropped again last week, falling 3.8 cents to $2.253 per gallon. The price is 58.1 cents cheaper than it was for the same week of 2015. The largest decrease in prices was in the Midwest region, where gas prices fell by 5.3 cents. The smallest decrease in prices was in the Rocky Mountain region at 1.7 cents.

Crude oil prices were down to start the week on July 11, on the back of recent reports that large oil producing countries had actually increased production last month, according to a Market Watch report.

OPEC’s crude oil production increased by 300,000 barrels per day in June and more oil is also expected to be produced in Canada, which saw a disruption in its output due to wildfires.

While production is likely to increase, demand may go down as global economic markets still try to ascertain the impact of the United Kingdom’s exit from the European Union.

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

What do you do for spare key storage? Currently, we have a key cabinet that holds keys in rows, but with the new key fobs we're using...

View Topic

Good afternoon all. We have been looking at trying a fuel additive developed by a company called DPF Remedy. The benefits are supposed...

View Topic

Fleet Documents

1018 Fleet Documents (and counting) to Download!

Sponsored by

A fabricator that manufactures and installs special equipment for vehicles

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.
 

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices