U.S. retail prices of diesel fuel monthly 2019-2020

In August 2020, one gallon of diesel cost 2.43 U.S. dollars. That was a price decrease of 0.58 U.S. dollars compared to the same month the previous year and a result of lower liquid fuel demand following the coronavirus pandemic.

Diesel and gasoline price development

The usage of diesel began in the 1930s, but until further development in the 1960s, diesel vehicles were mostly applied to commercial use only. In the United States, diesel-powered cars remain a fairly small portion of the automobile market and distillate fuel oil 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.

From June 2019 to June 2020, the retail price of automotive diesel decreased by 13.9 percent in Germany. Meanwhile, in the United States and Canada, prices had fallen by whopping 22 percent during the same time.

Monthly retail prices of diesel fuel in the United States from August 2019 to August 2020

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Source

Release date

September 2020

Region

United States

Survey time period

August 2019 to August 2020

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