• Diesel price jumps nearly 4 cents

    Diesel prices continue to ramp up in October, according to data tracked by the Energy Information Administration (EIA), with all U.S. regions reporting hikes.The national average for diesel increased 3.6 cents to $2.481 per gallon this week, the third consecutive increase—though the price is still 5 cents per gallon cheaper compared to the same week in 2015.
    Oct. 18, 2016
    2 min read
    Trucker 912 Fuel Island 920

    Diesel prices continue to ramp up in October, according to data tracked by the Energy Information Administration (EIA), with all U.S. regions reporting hikes.

    The national average for diesel increased 3.6 cents to $2.481 per gallon this week, the third consecutive increase—though the price is still 5 cents per gallon cheaper compared to the same week in 2015.

    Diesel prices increased in every region of the U.S., EIA added, with the largest upticks occurring in:

    • The West Coast without California included: up 4.4 cents to $2.685 per gallon (with California that changes to a 3 cent increase to $2.742 per gallon, the highest average price for diesel in the nation this week)
    • The Midwest: up 4.1 cents to $2.48
    • The Gulf Coast: up 4 cents to $2.357 (the lowest average price for diesel in the U.S.)
    • The Central Atlantic: up 3.9 cents to $2.579

    EIA also noted in its Winter Fuels Outlook that most U.S. households can expect higher heating expenditures this winter – a season the agency marks from October through March.

    Winter heating expenditures for most fuels were especially low last winter, the agency said, as energy prices were relatively low and warm weather reduced heating demand to the lowest level nationally in at least 25 years.

    EIA said its projections of heating demand are based on the most recent temperature forecasts from the National Oceanic and Atmospheric Administration (NOAA), which reflect weather that would be 13% colder than last winter but about 3% warmer than the previous 10-year average.

    Heating oil, however, is much more common in the Northeast than in other regions of the country, EIA pointed out, and as it is made from the same crude oil distillate as diesel fuel, an uptick in demand could affect diesel prices.

    Voice your opinion!

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

    Sign up for our free eNewsletters

    Latest from On the Road

    210539753 | Business | Vitpho | Dreamstime.com
    Operation Safe Driver Week 2023: Join the effort for safer roads from July 13-19
    The focus of this year’s Operation Safe Driver Week is reckless, careless, or dangerous driving.
    Travel Centers of America
    TA Foristell, MO
    Truck stops offer more Christmas shopping possibilities than most would think.
    Kenworth
    The lighting ceremony will take place on December 3, hosted by the Architect of the Capitol in coordination with the U.S. Speaker of the House.
    Two truck drivers with millions of accident-free miles hauled the 2024 U.S. Capitol Christmas Tree through 11 states from the Tongass National Forest in Alaska to the U.S. Capitol...