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Diesel prices continue to batter profitability, soaring to new record highs

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Updated May 7, 2022

Trucking news and briefs for Tuesday, May 3, 2022:

Diesel prices hit another record high, spurred largely by East Coast increases

Diesel fuel prices across the United States during the week ending May 2 increased by 35 cents -- the third-largest single-week increase of 2022, bringing the national average for a gallon of on-highway diesel to $5.51, blowing past diesel's previous record high set during the week ending March 14 at $5.25. 

According to the Department of Energy's Energy Information Administration, at $5.51, diesel prices are now $2.37 per gallon higher than the same week a year ago and $3.11 higher than the same week in 2020. 

The most recent week's surge was driven in large part by astronomical increases along the East Coast during the week, where New England saw fuel prices jump by 86 cents, while the Central Atlantic saw a 68-cent increase. 

Prices increased in all other regions across the country as well, led by a 34-cent increase in the Midwest and a 32-cent increase in the Lower Atlantic. 

The nation's most expensive diesel can be found in California at $6.41 per gallon, followed by New England at $6.10 per gallon.

The cheapest fuel can be found in the Gulf Coast region at $5.21 per gallon, followed by the Midwest region at $5.33.

Prices in other regions, according to EIA, are:

  • Central Atlantic -- $6.08
  • Lower Atlantic -- $5.40
  • Rocky Mountain -- $5.41
  • West Coast less California -- $5.58

ProMiles’ numbers during the week ending May 2 saw fuel prices increase by 13.1 cents, bringing its national average to $5.15 per gallon.

According to ProMiles’ Fuel Surcharge Index, the most expensive diesel can be found in California at $6.27 per gallon, and the cheapest can be found in the Gulf Coast region at $4.96 per gallon.

[Related: Weapons in the fuel arsenal: One owner-operator's success reducing fuel costs with a relative newcomer]

Kinedyne launches online cargo securement training ahead of Roadcheck

Kinedyne is offering free training resources on cargo securement regulations and procedures through the end of May to help truck drivers prepare for the annual Commercial Vehicle Safety Alliance International Roadcheck program being held May 17-19.

Drivers who want to avoid their trucks being taken out of service for violations of cargo control regulations can refresh and test their knowledge at Kinedyne’s online training portal.

The training site launched in early April as part of Kinedyne’s annual sponsorship of International Cargo Securement Awareness Month. 

[Related: An assist for avoiding brake-adjustment violations]

During CVSA’s International Roadcheck, vehicle inspectors across the United States, Canada and Mexico will inspect commercial vehicles to ensure that their safety systems -- including cargo securement -- comply with regulations. CVSA reported that 16.5% of the more than 40,000 vehicles inspected during the 2021 International Roadcheck were taken out of service. Cargo securement was the fifth most common violation, resulting in nearly 1,200 vehicles being sidelined for failing to meet basic cargo control requirements. 

Upon registering for Kinedyne's training program, the site provides access to detailed training videos and downloadable training documents, including the Cargo Securement: A Guide to Cargo Control Regulations white paper, a quick-reference guide to all 37 steps of the Level 1 North American Inspection, and a self-testing assessment of registrants’ knowledge of cargo securement. The first 200 registrants also receive a free printed pocket guide to proper cargo securement. 

[Related: Proper wheel end play the difference in bearing life and loose wheels]

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