Trucker 276 Fuel Island Ts 2 0

Diesel price posts biggest gain in 2 years

Oct. 14, 2015
The price of a gallon of diesel climbed sharply last week, the second consecutive increase following a full summer of declines.

The price of a gallon of diesel climbed sharply last week, the second consecutive increase following a full summer of declines.

The average U.S. retail pump price for diesel was up 6.4 cents in the Oct. 12 report by the Energy Information Administration (EIA), to $2.556 per gallon. That’s the largest jump in a little more than two years, and it brings the price back up to the level of late August. Still, the price is about $1.14 per gallon cheaper than this time last year.

Every region saw diesel price increases, paced by the Midwest where the cost surged 14.5 cents to $2.634 on refinery capacity issues and seasonal agricultural demand.

On the West Coast, not including California, diesel was up 4.3 cents to $2.603. In California, which has the highest price in the contiguous 48 states at $2.833 per gallon, the price climbed 3 cents.

In New England diesel was up just a fraction, 0.2 cents, bringing the price of gallon to $2.578. The Central Atlantic region saw the price climb 3 cents to $2.661, while the price rose 3.7 cents in the Lower Atlantic, to $2.469.

The Rocky Mountain region posted a 1.5 cent increase to $2.486, while on the Gulf Coast was up 1.6 cents to $2.339, the lowest price for a gallon in the nation.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Is your fleet ready for California's Clean Truck Check program? Our guide helps you navigate CARB compliance, avoid costly fines, and keep your trucks rolling. Learn how telematics...
Boost truck leasing profits with telematics insights! Reduce maintenance costs, improve uptime, and strengthen customer relationships. Learn how data drives success.
This free guide outlines simple steps for hiring and onboarding commercial drivers while ensuring that you meet Regulation Part 391 and maintain fully compliant driver qualification...
Ready to boost fleet efficiency by up to 50%? Learn how AI-powered dispatch and next-gen tech are transforming TMS workflows, improving driver planning, and streamlining operations...