U.S. Diesel Prices 2025, Size, Trend, Graph, Chart and Forecast
North America In Q4 2024, diesel prices in the United States trended downward due to increased supply and a mild economic slowdown. October saw a brief price uptick, but by November, prices declined as refineries resumed full operations following maintenance shutdowns. The restoration of refinery output eased supply constraints, putting downward pressure on prices. Additionally, an unexpectedly warm start to winter reduced heating oil demand, further contributing to the decline. By December, the trend persisted as inventories grew and diesel consumption softened due to milder winter conditions and lower domestic demand. While some regions, such as California, experienced slight price increases, the national average dropped approximately 7.0% year-over-year. A rise in distillate inventories and robust refinery output helped stabilize the market despite regional demand variations. Overall, the combination of strong supply, weaker seasonal demand, and increased diesel exports t...