Trucker 1007 Fuel Island Ts 3 Lo

Diesel average nears $2.50, the highest price in a year

Dec. 13, 2016
Tracking the oil market, a gallon of diesel fuel has risen to the highest price level in more than a year.

Tracking the oil market, a gallon of diesel fuel has risen to the highest price level in more than a year.

The average U.S. retail pump price for diesel climbed 1.3 cents in the Dec. 12 report by the Energy Information Administration (EIA), to $2.493 per gallon. That’s 15.5 cents higher than this time last year and the highest price since the Nov. 9, 2015 report.

Prices were up about 2 cents on the East Coast, coming in at $2.547 in New England, $2.633 in the Central Atlantic, and $2.429 in the Lower Atlantic.

The Midwest posted a gain of 1.5 cents ($2.446), and the Gulf Coast was up a penny to $2.371—still the lowest price for a gallon of diesel in the country.

On the West Coast, less California, diesel registered a 1.1-cent increase to $2.69.

Bucking the upward trend, diesel was down a penny in the Rocky Mountains to $2.447. In California, the price slipped 0.6 cents to $2.837, the highest price in the lower 48 states.

The national average price for gasoline rose 2.8 cents for the week, to $2.236. That’s about 2 cents higher than last year.

International Brent crude futures closed at $55.69 Monday, the highest level since July 2015.

Voice your opinion!

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

Sponsored Recommendations

Leveraging telematics to get the most from insurance

Fleet owners are quickly adopting telematics as part of their risk mitigation strategy. Here’s why.

Reliable EV Charging Solution for Last-Mile Delivery Fleets

Selecting the right EV charging infrastructure and the right partner to best solve your needs are critical. Learn which solution PepsiCo is choosing to power their fleet and help...

Overcoming Common Roadblocks Associated with Fleet Electrification at Scale

Fleets in the United States, are increasingly transitioning from internal combustion engine vehicles to electric vehicles. While this shift presents challenges, there are strategies...

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...