Sunita Somvanshi
Diesel is still expensive for truckers and businesses that depend on freight. Federal data shows prices eased last week, but California drivers are paying more than $8 a gallon. Here is what the latest numbers mean for small carriers, owner-operators and businesses that buy freight.
The U.S. EIA.gov/petroleum/gasdiesel/” target=”_blank” rel=”noopener”>Energy Information Administration (EIA) reported on-highway diesel prices for 5 October in its release dated 6 October. The national average was $6.199 per gallon, down 18.3 cents from the week before. The West Coast average was $7.229, down 12.8 cents. California was $8.082, down 9.9 cents. These prices include taxes.
Diesel fell last week, but the level is still high for anyone who buys it to run trucks. Fuel is a major operating expense for trucking businesses, so even a small move matters.
What the latest numbers show
The national average fell the most of the three figures reported. California was the highest-priced geographic entry shown in this EIA release. A business in California faces a higher fuel bill than one in the national average, even before the cost of freight is considered.
Reports of trucking company bankruptcies have also circulated. This article does not confirm a count and does not name any company. Each bankruptcy has its own court filing, and those filings are the place to check. A price shock is one pressure among several, not the only cause.
If you run a truck or buy freight, check how your fuel surcharge is written in your contract. Look at how often it resets and whether it covers the full increase. Track your cost per mile, and decide whether a low-paying load covers fuel before you accept it. Fuel cards with discounts can help, but compare any monthly fees.
Think of diesel prices like a tide that moves in and out. Small carriers with no cushion feel every swing.
Watch the EIA's weekly diesel release, which updates regional prices. Diesel prices move week to week, so one report does not settle the trend.
