Fuel Smarts

Diesel Prices Fall in First Week of 2016

January 11, 2016

The price of on-highway diesel fuel and regular gasoline continued last year’s trend of falling prices with another decrease in the first week of 2016, according to the latest Energy Department numbers.

The average price of a gallon of diesel fuel dropped 3.4 cents last week to a low of $2.177. The price is 87.8 cents cheaper than it was the same week a year ago.

Prices fell across the U.S. with the largest single-week decrease coming to the Rocky Mountain region at 5.7 cents per gallon. The smallest drop last week was in the New England region at 0.9 cents per gallon.

The average price of regular gasoline also dropped last week, falling 3.2 cents to $1.996 per gallon. Regular gasoline is 14.3 cents cheaper than it was in the same period in 2015.

The largest decrease in gasoline prices was in the Midwest, where it fell 3.9 cents per gallon. The smallest drop was in the Rocky Mountain region at 1.8 cents per gallon.

Energy prices were down by the end of trading on Jan. 11 with the price of a barrel of crude oil approaching $30 a barrel, according to The Wall Street Journal.

Oil prices have been in a freefall as the market reacts to low demand undercutting consistently high production.

Recent reports of a slumping Chinese economy and the looming possibility that Iran will have sanctions lifted have only compounded the problem. China is the second-largest oil consumer on the globe and with Iranian oil entering the global market, prices may decrease further.

Comment On This Story

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


Public Fleet Tracking And Telematics

Amin Amini from Verizon will answer your questions and challenges

View All

Recent Topics

I am in the early stages of creating a central fleet maintenance department. Would anyone be willing to share an org chart for their...

View Topic

We are planning on installing CO sensors in our FORD SUV Interceptor. Looking for choices as to what seem to work best.

View Topic

Fleet Documents

974 Fleet Documents (and counting) to Download!

Sponsored by

Cadillac was founded in 1902 by Henry Leland, a master mechanic and entrepreneur. He named the company after his ancestor, Antoine de la Mothe Cadillac, the founder of Detroit.

Read more