Fuel Smarts

Diesel Price Drops Again for Third Week

September 28, 2015

Photo: Jim Park
Photo: Jim Park

The price of diesel and gasoline fuel fell again for the third straight week, according to the latest figures from the U.S. Energy Department.

The average price of a gallon of on-highway diesel fuel fell 1.7 cents nationally to settle at $2.476. Compared with the same week last year, the price is down $1.279 per gallon.

Prices fell across the board nationally, with the largest decrease occurring in the Rocky Mountain region with a 3.6-cent drop. The smallest drop was in the Lower Atlantic region with a 1.1-cent decrease.

Gasoline prices were essentially flat with a 0.5-cent decrease for the week settling at $2.322 per gallon. The average price is $1.032 lower than in the same week last year.

Broken down by region, prices fluctuated with drops and increases in various areas. The largest decrease was in the West Coast region, dropping 7.5 cents. The largest increase in price was in the Midwest region where gasoline rose 5.4 cents.

Crude oil prices were down on Monday on reports that demand was likely to weaken as growth slows in emerging global markets, according to a report in Market Watch. Oil supply still outstrips demand and a slowing manufacturing economy in China may perpetuate the gap between the two with some analysts suggesting that crude could drop to $30 per barrel.

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

Here's an EV question or two: How are you paying for the charging station? I have some interested parties in my city, but not an...

View Topic

Fleet Documents

1025 Fleet Documents (and counting) to Download!

Sponsored by

CRM stands for Customer Relationship Management. This term typically refers to a system for keeping track of, and marketing to, prospects and customers.

Read more