Crude oil is the greatest cost component determining diesel retail prices in the United States. In February 2025, 49 percent of the diesel retail price was set by crude oil costs. That month, one gallon of diesel sold for an average of 3.68 U.S. dollars. U.S. diesel prices have generally stagnated in early 2025. Fuel consumption remains high despite higher prices Diesel and gasoline prices have experienced significant fluctuations over the past decades. In 2024, the average gasoline price stood at 3.3 U.S. dollars per gallon, a decrease from the 2022 peak but still higher than early 2000s levels. Despite these changes, U.S. gasoline consumption has remained high, averaging around 8.5 million barrels per day in 2024, with seasonal variations affecting demand. Tax impact on fuel costs across states Taxes play a significant role in determining fuel prices, with state-level differences creating notable price variations across the country. As of 2023, the average state tax for gasoline was 30.5 U.S. cents per gallon, while diesel faced a slightly higher average tax of 33.15 U.S. cents. These taxes contribute to the overall retail price and are often reinvested in road infrastructure. California, for instance, imposes some of the highest gasoline taxes in the country, reaching 68.1 U.S. cents per gallon in January 2024, which significantly impacts the state's fuel prices.

The cost of diesel fuel in the United States reached an annual average of 3.76 U.S. dollars per gallon in 2024. This was a decrease compared to the previous year, when diesel sold for an average of 4.21 U.S. dollars per gallon. In 2022, increased economic activity and thus fuel demand combined with supply constraints following the Russia-Ukraine war, which resulted in a notable rise in monthly diesel prices Crude oil prices and their impact on motor fuel prices Motor fuel prices largely mirror major oil benchmarks, such as the OPEC reference basket, WTI, and Brent. As such, the oil glut in 2015 and 2016, which followed years of increased oil production output by the U.S., is largely responsible for the fall in diesel prices seen in those years. The same is true for the 2020 pandemic-induced oil crisis and fall in benchmarks that year. Diesel and gasoline price development The usage of diesel began in the 1930s, but until further development in the 1960s, diesel vehicles were mostly used commercially. In the U.S., diesel-powered cars remain a fairly small portion of the automobile market and diesel fuel 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 are often used for large commercial vehicles.

Diesel prices in the United Kingdom rose to more than *** pence per liter in early 2024. The March national average was ***** pence per liter, compared with a price of ***** pence per liter for diesel sold at supermarkets. Hypermarkets dominate motor fuel sales Hypermarkets such as Sainsbury's, Asda, and Tesco have the greatest market share of motor fuel sold in the UK. In 2023, roughly ** percent of all motor fuels were sold at hypermarkets. Diesel more expensive than regular gasoline Although gasoline and diesel are both refined petroleum products, their refining process differs, thus also impacting manufacturing and retail prices. Diesel sold in the UK is required to have an ultra-low sulfur content and also contain a biodiesel component of seven percent. The extra steps required in the production process make diesel a more expensive commodity than gasoline, which trades around ** pence lower.

Ecuador Petroleum Product Imports: Diesel: Cost data was reported at 156,883.646 USD th in Sep 2018. This records an increase from the previous number of 119,580.450 USD th for Aug 2018. Ecuador Petroleum Product Imports: Diesel: Cost data is updated monthly, averaging 124,623.296 USD th from Jan 2005 (Median) to Sep 2018, with 165 observations. The data reached an all-time high of 388,127.718 USD th in Jan 2014 and a record low of 12,728.585 USD th in Feb 2005. Ecuador Petroleum Product Imports: Diesel: Cost data remains active status in CEIC and is reported by Central Bank of Ecuador. The data is categorized under Global Database’s Ecuador – Table EC.RB005: Petroleum Product Statistics.

Industrial product price index (IPPI), for selected products, by region, by North American Product Classification System (NAPCS) 2017 Version 2.0. Monthly data are available from January 1971. The table presents month-over-month and year-over-year percentage changes. The base period is (202001=100).

Sweden Fuel Price: Avg: Diesel: Product Cost data was reported at 6.330 SEK/l in Aug 2020. This records a decrease from the previous number of 6.530 SEK/l for Jul 2020. Sweden Fuel Price: Avg: Diesel: Product Cost data is updated monthly, averaging 5.150 SEK/l from Jan 2011 (Median) to Aug 2020, with 116 observations. The data reached an all-time high of 8.210 SEK/l in Jan 2020 and a record low of 2.300 SEK/l in Jan 2016. Sweden Fuel Price: Avg: Diesel: Product Cost data remains active status in CEIC and is reported by Swedish Petroleum and Biofuels Institute. The data is categorized under Global Database’s Sweden – Table SE.P003: Fuel Price.

Russia Prime Costs: Diesel Fuel data was reported at 184,173,144.630 RUB th in Dec 2018. This records a decrease from the previous number of 214,753,432.930 RUB th for Sep 2018. Russia Prime Costs: Diesel Fuel data is updated quarterly, averaging 47,764,609.000 RUB th from Mar 2005 (Median) to Dec 2018, with 56 observations. The data reached an all-time high of 214,753,432.930 RUB th in Sep 2018 and a record low of 17,473,770.000 RUB th in Dec 2008. Russia Prime Costs: Diesel Fuel data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Energy Sector – Table RU.RBA002: Energy Production: Prime Costs.

The renewable diesel market is experiencing robust growth, driven by increasing environmental concerns, stringent government regulations aimed at reducing greenhouse gas emissions, and the rising demand for sustainable transportation fuels. The market size in 2025 is estimated at $15 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 12% from 2025 to 2033. This growth trajectory is fueled by several key drivers, including the expanding adoption of biodiesel blends in various transportation sectors, advancements in renewable feedstock technologies (e.g., used cooking oil, algae), and supportive government policies like tax credits and mandates. The market's expansion is further facilitated by the continuous improvement in renewable diesel production efficiency and cost reduction, making it increasingly competitive with traditional petroleum-based diesel. Significant growth opportunities exist across various segments, including different feedstock types and geographic regions. North America and Europe currently hold dominant market shares, but emerging economies in Asia-Pacific are poised for significant expansion. Major players such as Neste, REG, and Valero are driving innovation and expanding their production capacities to meet growing demand. However, challenges remain, including the variability and cost of feedstock supply, the need for further technological advancements to improve overall efficiency and reduce production costs, and the potential for competition from other biofuels and sustainable alternatives. Nevertheless, the long-term outlook for the renewable diesel market remains highly positive, driven by the unrelenting pressure to decarbonize the transportation sector and the increasing economic viability of this sustainable fuel source. This comprehensive report provides an in-depth analysis of the burgeoning renewable diesel market, projecting significant growth fueled by stringent environmental regulations and the increasing demand for sustainable transportation fuels. We delve into production capacity, market trends, key players, and future growth opportunities. The report leverages extensive market research and data analysis to provide actionable insights for investors, industry stakeholders, and policymakers.

This dataset is about book subjects. It has 2 rows and is filtered where the books is Cost reduction in bio-diesel production. It features 10 columns including number of authors, number of books, earliest publication date, and latest publication date.

The renewable diesel market is experiencing robust growth, driven by stringent environmental regulations aimed at reducing greenhouse gas emissions from the transportation and power generation sectors. A CAGR of, let's assume, 12% (a reasonable estimate given the strong push towards renewable energy sources) between 2025 and 2033 suggests a significant market expansion. This growth is fueled by increasing demand for sustainable alternatives to conventional diesel, particularly within the transportation sector (locomotives, ships) and power generation (power plants). The market is segmented by feedstock (lipids and cellulosic biomass), with both showing promising growth trajectories, although lipid-based renewable diesel currently holds a larger market share due to established infrastructure and technology. Major players like Neste, REG, and Shell are actively investing in expanding production capacity and developing advanced technologies, contributing to increased supply and market competitiveness. While the initial investment costs for renewable diesel production remain a restraint, government incentives and carbon pricing mechanisms are creating a favorable market environment, mitigating this challenge. Regional growth varies, with North America and Europe currently dominating the market, but Asia Pacific is projected to witness significant growth driven by increasing industrialization and government support for renewable energy initiatives. The overall market size in 2025 is estimated to be around $15 billion, considering the growth trajectory and major player activity. The forecast period (2025-2033) will likely see a continued shift towards cellulosic biomass-based renewable diesel as technology matures and economies of scale are achieved. This transition will be further fueled by the increasing availability of sustainable biomass feedstocks and ongoing research into improving the efficiency and cost-effectiveness of cellulosic biofuel production. Furthermore, innovations in refining processes and advancements in catalyst technologies are expected to enhance the quality and yield of renewable diesel, leading to a more competitive price point compared to conventional diesel. This will ultimately drive wider adoption across various application segments and geographic regions, further propelling market expansion throughout the forecast period. While challenges such as feedstock availability and infrastructure development remain, the long-term outlook for renewable diesel remains overwhelmingly positive, promising a substantial contribution towards a more sustainable and environmentally friendly energy future.

The global diesel fuel market is a substantial industry, exhibiting consistent growth driven by several key factors. While precise figures for market size and CAGR are unavailable, industry reports consistently indicate a multi-billion dollar market with a moderate to strong growth rate (let's assume a CAGR of 3-4% for illustrative purposes, reflecting global economic activity and industrial demand). This growth is primarily fueled by the continued reliance on diesel engines in heavy-duty transportation (trucks, trains, ships), construction equipment, and agricultural machinery. Developing economies, particularly in Asia-Pacific and the Middle East & Africa, contribute significantly to this demand due to infrastructure development and increasing industrialization. The rising adoption of diesel-powered generators in areas with unreliable electricity grids also contributes to market expansion. However, several factors restrain market growth. Stringent emission regulations, aimed at curbing air pollution, are driving the shift towards cleaner alternatives like biodiesel and electric vehicles. Fluctuations in crude oil prices, a primary input cost for diesel production, create market volatility. Furthermore, government initiatives promoting renewable energy sources and energy efficiency measures gradually reduce the overall reliance on diesel fuel. The market is segmented by application (heavy-duty transportation, agriculture, power generation, etc.) and type (ultra-low sulfur diesel, biodiesel blends, etc.). Major players in the diesel fuel market include established oil and gas giants like BP, Shell, CNPC, ExxonMobil, Sinopec, Indian Oil, Total, Pertamina, Chevron, and Petronas, indicating a highly consolidated market structure with significant competition. Regional market dominance is expected to remain with North America, Europe, and Asia-Pacific, reflecting the concentration of industrial activity and transportation infrastructure in these regions.

Xavvy Fuel is the leading source for Gas Station Location and Gasoline Price data worldwide, specializing in data quality and enrichment. We provide gasoline and diesel price data for over 131,000 stations across the US, integrated with Energy Data, Places Data, Automotive Data, Commodity Data, Market Research Data, Oil & Gas Data, and Brand Data.

Our fuel prices help customers find the best gas and diesel prices, optimizing fuel costs and minimizing CO2 emissions. Our price data supports various sectors in gaining valuable insights into the fuel market and its trends, forming a solid foundation for strategic decisions regarding pricing and expansion.

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Learn about the factors that influence the price of biodiesel, including the cost of feedstock, production process, and transportation. Discover the advantages of biodiesel, including being produced from renewable resources and providing better fuel economy.

Thailand Petroleum Product Price: Refinery: WP: Avg: High Speed Diesel (HSD) data was reported at 28.168 THB/l in Oct 2018. This records an increase from the previous number of 28.079 THB/l for Sep 2018. Thailand Petroleum Product Price: Refinery: WP: Avg: High Speed Diesel (HSD) data is updated monthly, averaging 16.854 THB/l from Jan 1992 (Median) to Oct 2018, with 322 observations. The data reached an all-time high of 40.277 THB/l in Jun 2008 and a record low of 6.201 THB/l in Mar 1994. Thailand Petroleum Product Price: Refinery: WP: Avg: High Speed Diesel (HSD) data remains active status in CEIC and is reported by Energy Policy and Planning Office. The data is categorized under Global Database’s Thailand – Table TH.P013: Petroleum Products Price.

Renewable diesel is a cleaner, more environmentally friendly diesel fuel made from renewable resources like biomass, vegetable oils, and waste oils or fats. Although it currently costs more than petroleum diesel, the price is expected to decline in the future as production capacity increases. Government policies and incentives, like California's Low Carbon Fuel Standard, have helped support the development of the renewable diesel industry.

Renewable Diesel Feedstock Market Outlook

In 2023, the global renewable diesel feedstock market size was valued at approximately USD 22.5 billion and is projected to reach around USD 64.3 billion by 2032, growing at a compound annual growth rate (CAGR) of 12.5% during the forecast period. The renewable diesel feedstock industry is experiencing robust growth due to increasing environmental regulations and a shift towards sustainable and renewable energy sources.

A significant growth factor driving the renewable diesel feedstock market is the growing governmental focus on reducing greenhouse gas emissions. Various countries worldwide are enforcing stringent regulations and offering incentives to promote renewable energy sources. These policies are encouraging the adoption of renewable diesel, which has a lower carbon footprint compared to traditional diesel. Moreover, technological advancements in the production of renewable diesel are increasing the efficiency and cost-effectiveness of these processes, further boosting market growth.

The increasing awareness among consumers and industries about the environmental impact of fossil fuels is another crucial factor propelling the growth of the renewable diesel feedstock market. Consumers are becoming more environmentally conscious, leading to a higher demand for cleaner and sustainable energy solutions. This shift in consumer preference is compelling industries, particularly in transportation and power generation, to transition towards renewable diesel, thereby driving the demand for renewable diesel feedstock.

Additionally, the volatility in crude oil prices is pushing industries to seek alternative and more stable energy sources. Renewable diesel feedstock provides a sustainable and potentially more cost-stable option compared to traditional fossil fuels, as it can be sourced from a variety of agricultural and waste materials. This price stability is attracting significant investments from energy companies, which is expected to further accelerate the growth of the renewable diesel feedstock market.

The emergence of Renewable Synfuels is adding a new dimension to the renewable energy landscape. These synthetic fuels, derived from renewable resources, offer a promising alternative to traditional fossil fuels. By utilizing advanced chemical processes, Renewable Synfuels can be produced from a variety of feedstocks, including biomass and waste materials. This versatility not only enhances the sustainability of fuel production but also provides a pathway to reduce greenhouse gas emissions significantly. As the technology matures, the integration of Renewable Synfuels into the energy mix is expected to complement existing renewable diesel solutions, offering a broader spectrum of eco-friendly options for industries and consumers alike.

Regionally, the market is witnessing significant growth across various geographies. North America and Europe are leading in terms of adoption due to stringent environmental regulations and substantial government support. However, Asia Pacific is anticipated to exhibit the highest growth rate during the forecast period, driven by rapid industrialization, urbanization, and increasing energy demand. The expansion of the renewable diesel feedstock market in these regions underscores the global commitment towards achieving sustainability and reducing carbon emissions.

Feedstock Type Analysis

The renewable diesel feedstock market is segmented into various feedstock types, including soybean oil, corn oil, canola oil, animal fats, used cooking oil, and others. Each feedstock type has distinct characteristics and availability, influencing its adoption and usage in renewable diesel production. Soybean oil is one of the most prominent feedstocks due to its abundant supply and established agricultural infrastructure. The high yield of soybean crops makes it a cost-effective option for renewable diesel production, contributing significantly to the market's growth.

Corn oil is another widely used feedstock, particularly in regions with extensive corn cultivation. Corn oil's versatility and high energy content make it a favorable feedstock for renewable diesel production. The by-product of corn oil, distillers' corn oil, is also gaining traction due to its lower cost and availability from ethanol production facilities. This dual-use scenario enhances the overall efficiency and sustainability of the renewable diesel production process.&

The global No. 2 diesel fuel market is a substantial sector, exhibiting consistent growth driven by increasing industrialization and transportation demands across various sectors. While the exact market size for 2025 isn't explicitly provided, considering typical market sizes for similar fuel types and a plausible CAGR (let's assume a conservative 3% for illustrative purposes), we can estimate a market value in the range of $200-250 billion for 2025. This significant value reflects the crucial role diesel fuel plays in powering vehicles, marine vessels, and other industrial equipment. The market's growth is fueled by robust economic expansion in developing nations, leading to heightened energy consumption. Further, the increasing adoption of more efficient diesel engines and advancements in fuel technologies contribute positively to market expansion. However, this growth trajectory isn't without its challenges. Stringent environmental regulations aimed at reducing harmful emissions are placing pressure on the industry to transition towards cleaner, lower-sulfur diesel fuels. This necessitates substantial investments in refining infrastructure and technology upgrades, potentially impacting profit margins. Furthermore, the fluctuating prices of crude oil, a primary input in diesel production, introduce volatility into the market. Nevertheless, the long-term outlook for No. 2 diesel fuel remains positive, primarily due to the continued reliance on diesel-powered equipment in various sectors, particularly within transportation and manufacturing. The ongoing diversification of applications and increasing adoption of innovative fuel additives suggest a resilient market despite regulatory pressures. The key players in this industry – including ExxonMobil, BP, Shell, Chevron, and others – are actively adapting to changing market conditions through strategic investments and collaborations. This comprehensive report provides an in-depth analysis of the global No. 2 diesel fuel market, encompassing production, consumption, pricing, and future trends. We delve into the diverse applications of this crucial fuel source, examining its role across automotive, marine, and aviation sectors. The report leverages proprietary data and industry expertise to offer actionable insights for stakeholders across the value chain. Keywords: No. 2 Diesel Fuel, Diesel Fuel Market, Ultra Low Sulfur Diesel, High Sulfur Diesel, Diesel Fuel Production, Diesel Fuel Price, Diesel Fuel Applications, Energy Market, Fuel Market Analysis.

According to Cognitive Market Research, the global Renewable Diesel market size will be USD 13524.5 million in 2025. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 5409.80 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 4057.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 3110.64 million in 2025 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2025 to 2033.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 676.23 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2025 to 2033.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 270.49 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2025 to 2033.
The Transportation sector category led the Renewable Diesel Market.

Market Dynamics of Renewable Diesel Market

Key Drivers for Renewable Diesel Market

Governments worldwide are implementing increasingly stringent emissions standards for transportation fuels to Boost Market Growth

Governments worldwide are implementing increasingly stringent emissions standards for transportation fuels to reduce air pollution and combat climate change. These regulations are driving innovation in fuel technology, such as the development of cleaner-burning fuels like biofuels and synthetic fuels and promoting the adoption of electric vehicles. This trend is expected to continue, creating a strong demand for technologies and solutions that can help reduce emissions from the transportation sector.

Consumers and businesses are increasingly seeking out sustainable and environmentally friendly alternatives to traditional fossil fuels

The market for sustainable and environmentally friendly alternatives to traditional fossil fuels is driven by a confluence of factors. Consumers are increasingly prioritizing products and services that align with their environmental values, seeking out renewable energy sources and energy-efficient technologies. Businesses are also facing growing pressure from stakeholders to reduce their environmental impact, leading them to invest in sustainable energy solutions to enhance their corporate image and comply with stricter regulations. Additionally, advancements in renewable energy technologies, such as solar and wind power, are making them more cost-competitive with fossil fuels, further accelerating their adoption.

Restraint Factor for the Renewable Diesel Market

Renewable Diesel is generally more expensive to produce than traditional diesel

Governments worldwide are driving the growth of renewable diesel production through targeted incentives, subsidies, tax credits, and regulatory mandates. Subsidies and financial grants help reduce production costs, making renewable Diesel a competitive alternative to traditional fuels. Tax credits further incentivize manufacturers and end-users by offering monetary benefits for utilizing renewable fuels. Additionally, mandates such as renewable fuel standards (RFS) and carbon reduction policies compel industries to adopt cleaner fuel alternatives. These initiatives not only promote environmental sustainability by reducing greenhouse gas emissions but also support energy independence, fostering a transition toward a greener economy and a reduced reliance on fossil fuels.

Market Trends in Renewable Diesel Market

Governments worldwide are incentivizing renewable diesel production through subsidies, tax credits, and mandates

Governments worldwide are driving renewable diesel market growth by implementing subsidies, tax credits, and mandates to promote sustainable fuel adoption. Financial incentives, such as the U.S. Biodiesel Tax Credit and the EU’s Renewable Energy Directive, encourage production and investment in biofuels. Mandates requiring a blend of renewable fuels with conventional diesel further boost demand. Additionally, carbon reduction policies, including Low Carbon Fuel Standards (LCFS) in California and Canada’s Clean Fuel Regulations, support industry expansion. T...

Graph and download economic data for Producer Price Index by Industry: Other Engine Equipment Manufacturing: Diesel, Semidiesel, and Dual-Fuel Engines for Automobiles, Trucks, and Buses (PCU3336183336185) from Dec 1975 to Jun 2025 about buses, engines, diesel, engineering, trucks, vehicles, equipment, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.