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

This statistic shows the monthly retail prices of diesel fuel in the United States from January 2019 to January 2020. In January 2019, one gallon of diesel cost 2.98 U.S. dollars. One year later, in January 2020, one gallon cost 3.048 U.S. dollars. That was a price increase of 0.068 U.S. dollars, or some 2.23 percent within a year.

U.S. and U.K. retail prices of diesel fuel

The usage of diesel began in the 1930s, but until further European development in the 1960s, diesel vehicles were mostly applied to commercial use only. More recently, diesel-fueled engines have become more popular as diesel engines become more efficient. In the United Kingdom, 26.6 percent of new cars registered in 2019 were fueled by diesel. This is a noticeable decline from the 42 percent market share that diesel vehicles held in the U.K. in 2017. In the United States, diesel-powered cars remain a fairly small portion of the automobile market. Diesel cars often have lower acceleration, higher costs, and a heavier weight. They may also be more difficult to start in cold weather. Gasoline also tends to be more widely available than diesel fuel. However, diesel engines have better fuel economy than that of gasoline engines, and tend to last longer as well.

International comparison

As of January 2020, the diesel fuel retail price in the United States reached 3.05 U.S. dollars per gallon. In comparison, gasoline cost an average of 2.60 U.S. dollars per gallon in 2019. The price of diesel has dropped in several countries but risen in others. From December 2018 to December 2019, the retail price of automotive diesel decreased by 2.8 percent in Germany. In Canada, prices increased by 5.2 percent during the same time. The United Kingdom had some of the highest prices for automotive diesel, reaching 1.60 U.S. dollars per liter in September 2019. In the United States, highway vehicles consumed 8.98 million barrels of gasoline and 3.12 million barrels of gasoline-equivalent gallons of diesel in 2018.

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

Price in U.S. dollars per gallon
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Source

Release date

February 2020

Region

United States

Survey time period

January 2019 to January 2020

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