Fuel prices up for 11th straight week, hit highest mark since March 2020

Overdrive StaffJan 20, 2021

Trucking news and briefs for Wednesday, Jan. 20, 2021:

Diesel fuel prices across the U.S. increased for the 11th straight week during the week ending Jan. 18, according to the Department of Energy’s weekly report.

According to DOE, the average price for a gallon of on-highway diesel is $2.696, up 2.6 cents from the previous week and up 32.4 cents from the 2020 low mark of $2.372 per gallon during the week ending Nov. 2.

Fuel prices are now at their highest point since the week ending March 16, 2020, when prices stood at $2.733 per gallon.

During the most recent week, prices increased in all regions, with the most significant increase being seen in New England, which saw a 6.4-cent increase.

California is home to the nation’s most expensive diesel at $3.448 per gallon, followed by the Central Atlantic region at $2.924 per gallon.

The cheapest fuel can be found in the Gulf Coast region at $2.461 per gallon, followed by the Rocky Mountain region at $2.603 per gallon.

https://www.overdriveonline.com/equipment/article/14972939/fuel-prices-up-for-11th-straight-week-hit-highest-mark-since-march-2020