What factors affect diesel fuel prices?

Local market conditions and factors such as the location of the fueling station can also affect retail diesel fuel prices. Some retail outlets are owned and operated by refiners, and others are independent businesses that purchase diesel fuel for resale to the public. Why are diesel fuel prices higher than gasoline prices?

How much does a gallon of diesel cost?

What we pay for in a gallon of: Regular Gasoline October 2020 Retail price: $2.16/gallon Diesel October 2020 Retail price: $2.39/gallon Taxes Distribution & Marketing Refining Crude Oil 22% 24% 10% 43% 24% 29% 9% 39% Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update. Top.

Will gasoline and diesel prices continue to fall?

Source: Graph by U.S. Energy Information Administration, Short-Term Energy Outlook (STEO) Gasoline and diesel prices have already declined since their peaks in March, when the U.S. average gasoline price surpassed $4.00/gal and the average diesel price surpassed $5.00/gal. We expect these prices to continue falling throughout the summer.

What is the excise tax on diesel fuel?

In addition, the federal excise tax on diesel fuel is 6 cents higher per gallon than the federal excise tax on regular-grade gasoline. To view recent diesel fuel prices and forecasts for diesel fuel prices, visit the Gasoline and Diesel Fuel Update and the Short-Term Energy Outlook.