184514346 Lisa Carter | Dreamstime
Pilot Flying J

Diesel shatters all-time per-gallon price record

May 2, 2022
At more than $5.50 per gallon, the U.S. average for trucking’s primary fuel on May 2 shattered the previous record of $5.25 set after Russia invaded Ukraine this year. Diesel is now $2.37 more per gallon in U.S. than it was a year ago.

The U.S. average price per gallon of diesel fuel set an all-time high this week, according to the U.S. Energy Information Administration. Trucking’s main fuel rose 34.9 cents to $5.509—easily shattering the previous high of $5.25 per gallon on March 14 after Russia’s invasion of Ukraine.

The May 2 price spike represents the third straight weekly increase and comes in way above the surge of 5.9 cents to $5.16 per gallon reported by EIA last week.

Diesel is now $2.367 more expensive than it was a year ago.

Regionally, diesel skyrocketed almost 50 cents—49.2 cents—on the East Coast to $5.701, with the fuel rising more than 86 cents to $6.101 per gallon in New England alone.

The weekly price increases were not as pronounced elsewhere, as the next closest spike occurred in the Midwest, where trucking’s main fuel rose 34.2 cents to $5.329. No region was spared sharp price increases, however.

This was a FleetOwner breaking news story. A more in-depth version was published here.

Click here to subscribe to FleetOwner e-alerts to get the latest updates on the trucking industry.

About the Author

Scott Achelpohl | Managing Editor

I'm back to the trucking and transportation track of my career after some time away freelancing and working to cover the branches of the U.S. military, specifically the U.S. Navy, U.S. Marine Corps, and the U.S. Coast Guard. I'm a graduate of the University of Kansas and the William Allen White School of Journalism there with several years of experience inside and outside business-to-business journalism. I'm a wordsmith by nature, and I edit FleetOwner magazine and our website as well as report and write all kinds of news that affects trucking and transportation.

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Voice your opinion!

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