Monthly retail prices for diesel fuel in the United States from November 2020 to March 2023


Diesel fuel retail prices per month in the U.S. 2020-2023

 

In March 2023, one gallon of diesel cost an average of 4.21 U.S. dollars in the United States. That was a price decrease compared to the previous month wherein the value was around 4.41 U.S. dollars. Diesel prices have risen significantly due to supply constraints in the wake of the Russia-Ukraine war, followed by transportation issues due to low water levels on the Mississippi river. The West Texas Intermediate price also traded at decade highs as a result.

Diesel and gasoline price development

The usage of distillate fuel oil began in the 1930s, but until further development in the 1960s, diesel vehicles were mostly applied to commercial use only. In the U.S., diesel-powered cars remain a fairly small portion of the automobile market and diesel consumption is far lower than gasoline consumption. In general, gasoline also tends to be more widely available than diesel fuel and usually sells for a lower retail price. However, diesel engines have better fuel economy than gasoline engines, and as such tend to be used for large commercial vehicles.

Here are the monthly average retail prices for on-highway diesel fuel in the United States from January 2020 to September 2021:

January 2020: $3.061 per gallon
February 2020: $3.079 per gallon
March 2020: $2.966 per gallon
April 2020: $2.512 per gallon
May 2020: $2.407 per gallon
June 2020: $2.421 per gallon
July 2020: $2.442 per gallon
August 2020: $2.433 per gallon
September 2020: $2.421 per gallon
October 2020: $2.507 per gallon
November 2020: $2.443 per gallon
December 2020: $2.516 per gallon
January 2021: $2.634 per gallon
February 2021: $2.773 per gallon
March 2021: $2.977 per gallon
April 2021: $3.061 per gallon
May 2021: $3.135 per gallon
June 2021: $3.145 per gallon
July 2021: $3.162 per gallon
August 2021: $3.268 per gallon
September 2021: $3.334 per gallon

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