United States - Ultra-Low-Sulfur No. 2 Diesel Fuel Prices: U.S. Gulf Coast was 2.36500 $ per Gallon in January of 2024, according to the United States Federal Reserve. Historically, United States - Ultra-Low-Sulfur No. 2 Diesel Fuel Prices: U.S. Gulf Coast reached a record high of 3.50900 in January of 2022 and a record low of 1.19500 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Ultra-Low-Sulfur No. 2 Diesel Fuel Prices: U.S. Gulf Coast - last updated from the United States Federal Reserve on June of 2025.

Graph and download economic data for Ultra-Low-Sulfur No. 2 Diesel Fuel Prices: New York Harbor (DDFUELNYH) from 2006-06-14 to 2025-07-07 about new york harbor, diesel, fuels, New York, commodities, and USA.

United States - Ultra-Low-Sulfur No. 2 Diesel Fuel Prices: Los Angeles was 2.44500 $ per Gallon in January of 2024, according to the United States Federal Reserve. Historically, United States - Ultra-Low-Sulfur No. 2 Diesel Fuel Prices: Los Angeles reached a record high of 3.53200 in January of 2022 and a record low of 0.75100 in January of 2002. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Ultra-Low-Sulfur No. 2 Diesel Fuel Prices: Los Angeles - last updated from the United States Federal Reserve on June of 2025.

Graph and download economic data for Ultra-Low-Sulfur No. 2 Diesel Fuel Prices: U.S. Gulf Coast (DDFUELUSGULF) from 2006-06-14 to 2025-07-07 about diesel, fuels, commodities, and USA.

This dataset contains information about Daily Diesel Spot Price from 1996.Data collected from US Energy Information Administration.Notes:Ultra-Low-Sulfur No. 2 Diesel FuelNo. 2 Diesel Fuel: A gasoil type distillate for use in high speed diesel engines generally operated under uniform speed and load conditions, with distillation temperatures between 540-640 degrees Fahrenheit at the 90-percent recovery point; and the kinematic viscosities between 1.9-4.1 centistokes at 100 degrees Fahrenheit as defined in ASTM specification D975-93. Includes Type R-R diesel fuel used for railroad locomotive engines, and Type T-T for diesel-engine trucks.For pricing data: Ultra-Low Sulfur or On-Highway Diesel Fuel is No. 2 diesel fuel which has a sulfur level less than or equal to 15 ppm (parts per million); Low Sulfur Diesel Fuel is No. 2 diesel fuel which has a sulfur level greater than 15 and less than or equal to 500 ppm; and High Sulfur refers to No. 2 distillate (either diesel or fuel oil) which has a sulfur level greater than 500 ppm.Includes: New York Harbor Ultra-Low Sulfur No 2 Diesel Spot Price (Dollars per Gallon)2. U.S. Gulf Coast Ultra-Low Sulfur No Diesel Spot Price (Dollars per Gallon)Los Angeles, CA Ultra-Low Sulfur CARB Diesel Spot Price (Dollars per Gallon)

United States - Ultra-Low-Sulfur No. 2 Diesel Fuel Prices: New York Harbor was 2.42600 $ per Gallon in January of 2024, according to the United States Federal Reserve. Historically, United States - Ultra-Low-Sulfur No. 2 Diesel Fuel Prices: New York Harbor reached a record high of 3.72000 in January of 2022 and a record low of 1.24600 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Ultra-Low-Sulfur No. 2 Diesel Fuel Prices: New York Harbor - last updated from the United States Federal Reserve on July of 2025.

In April 2025, the New York Harbor diesel fuel price was approximately 2.13 U.S. dollars per gallon. This was notably lower than the price recorded the previous year and a result of lower crude oil prices. The spot prices of Los Angeles, California ultra-low-sulfur No. 2 diesel fuel tended to be the highest in the period shown. California drivers experience some of the country's highest gasoline and diesel prices as it is among the U.S. states with the highest gas tax.

Graph and download economic data for Ultra-Low-Sulfur No. 2 Diesel Fuel Prices: Los Angeles (WDFUELLA) from 1996-04-19 to 2025-07-04 about diesel, Los Angeles, fuels, CA, commodities, and USA.

The global No. 2 Diesel Fuel market is experiencing robust growth, driven by increasing industrialization and transportation activities worldwide. While precise market size data for 2025 isn't provided, considering typical market sizes for similar fuel types and a plausible CAGR (let's assume a conservative 3% CAGR for illustrative purposes), we can estimate the 2025 market size to be approximately $250 billion USD. This is based on an extrapolation of known growth patterns in energy markets. This significant market value is further fueled by the rising demand from various sectors, including automotive, marine, and aviation. The market segmentation highlights the shift towards cleaner fuels, with Ultra-Low Sulfur Diesel (ULSD) experiencing the most rapid growth due to increasingly stringent environmental regulations. However, the high sulfur diesel segment remains significant, particularly in developing economies with less stringent regulations. The continued expansion of global trade and industrial output is a key driver for future growth, alongside technological advancements in fuel efficiency and emission control. Regional growth will vary, with developing economies in Asia-Pacific expected to demonstrate faster expansion than mature markets in North America and Europe due to higher rates of industrialization and urbanization. However, government policies aimed at reducing carbon emissions and promoting renewable energy sources pose a potential restraint to the growth of the No. 2 Diesel Fuel market in the long term. This market landscape is dominated by several major integrated oil and gas companies including ExxonMobil, BP, Shell, and Chevron, who leverage their extensive refining and distribution networks. Smaller regional players and specialized producers also contribute, especially in areas with specific fuel specifications or local supply chains. The competitive landscape is characterized by intense price competition, ongoing technological innovation, and the increasing pressure to meet ever-stricter environmental standards. The future trajectory of the No. 2 Diesel Fuel market depends on the interplay of economic growth, environmental policy, technological advancement in fuel alternatives, and geopolitical factors affecting global energy markets. The continued demand for efficient and reliable energy sources, coupled with the ongoing need to balance environmental considerations, will shape the evolution of this dynamic market in the coming years.

The global diesel fuel market, valued at $303,520 million in 2025, is projected to experience steady growth, exhibiting a compound annual growth rate (CAGR) of 3.2% from 2025 to 2033. This growth is driven by the continued reliance on diesel engines in various sectors, particularly heavy-duty transportation (automotive, marine, and some aerospace applications). While the transition to cleaner energy sources presents a long-term challenge, diesel fuel's established infrastructure and cost-effectiveness ensure its continued relevance, especially in regions with limited access to alternative fuels or robust charging infrastructure for electric vehicles. The market is segmented by sulfur content, with high-sulfur diesel gradually declining due to stricter emission regulations, while low-sulfur and ultra-low-sulfur diesel fuels are gaining market share. Demand is geographically diverse, with strong growth anticipated in developing economies experiencing industrialization and expanding transportation networks. Major players like ExxonMobil, BP, Shell, and others are strategically investing in refining capabilities and exploring alternative diesel blends to cater to evolving market needs and environmental regulations. The market segmentation reflects evolving environmental standards. The automotive sector, while facing increasing pressure from electric vehicles, still constitutes a significant portion of diesel fuel consumption, particularly in commercial vehicles. The marine and aerospace sectors continue to rely heavily on diesel, although advancements in alternative propulsion technologies are emerging. Other applications, including power generation and industrial machinery, contribute to the overall demand. Growth in specific regions will be influenced by economic conditions, infrastructure development, and government policies supporting or hindering diesel fuel use. Continued investment in refining technologies and the development of cleaner diesel fuels will shape the long-term trajectory of the market, balancing economic needs with environmental considerations.

In March 2024, the average monthly price of very low sulfur fuel oil (VLSFO) stood at ***** U.S. dollars per metric ton. The price of VLSFO is strongly influenced by external factors, such as the price of crude oil and market forces of supply and demand. In the past two years, two separate events have had a profound effect on the price of VLSFO: the International Maritime Organization (IMO) sulfur cap on fuel oil in 2020 and, more recently, the Russian invasion of Ukraine and the Israeli invasion of Gaza. Effects of the 2020 IMO sulfur cap In January 2020, a new limit on the sulfur content in fuel oil was introduced by the IMO. The goal of the cap was to reduce the concentration of sulfur in the air, thus reducing air pollution and preventing harm to marine ecosystems as well as protecting human health. Ship operators were forced to switch to VLSFO to comply with the new regulation, leading to a higher demand for VLSFO which in turn caused the price of VLSFO to increase to *** U.S. dollars per metric ton in January 2020. Shortly afterward, the world was hit with the outbreak of the COVID-19 pandemic. With production facilities shutting down worldwide, maritime transport considerably slowed, driving the price of VLSFO to a historic minimum of *** U.S. dollars per metric ton in April 2020. Escalating conflict in Ukraine could raise fuel prices After the Russian invasion of Ukraine in February 2022, most of the West reacted by imposing sanctions on Russia to weaken its economy. Although vital for the Russian economy, the Russian oil industry remained untargeted by direct sanctions during the first days of the invasion. However, sanctions cutting off Russia’s access to international financial markets and the SWIFT payment system, as well as divestments of Western oil companies from the Russian oil industry, could severely impact the country’s oil sector. In 2020, Russia was the third-largest producer of crude oil in the world, accounting for about ** percent of the world’s crude oil production. Disruptions to the Russian oil industry could, therefore, have consequences for the supply of oil to the global market and drive prices up. Since crude oil is the main component of VLSFO, an increase in the price of crude oil will most likely lead to a rise in the price of VLSFO.

This statistic shows the change in the price of automotive diesel per liter in selected countries for the period between June 2019 and June 2020. The price changes exclude value added taxes from prices for automotive diesel. In June 2020, the diesel price per liter in the United States was 22.1 percent lower than it was in June 2019.

Change in the price of automotive diesel

There are many types of diesel, most commonly a fractional distillate of petroleum fuel oil, all of which are constantly being developed and adapted for the industry. As of 2006, almost all of the petroleum-based diesel fuels in Europe and North America are an ultra-low sulfur diesel (ULSD). Using ULSD will promote more strict emission technologies for diesel engines and lower-emission fuels. Diesel is used for vehicles with diesel engines. Unlike gas engines, diesel engines usually inject diesel directly into the cylinder to continue combustion and thus, move the piston. Due to high compression ratios, diesel engines are often more efficient than conventional gasoline engines. However, diesel can convert into a gel-like substance in colder temperatures, preventing movement through the fuel systems.

Diesel has a higher volumetric energy density than conventional gasoline, which is important for fuel efficiency. During colder seasons, the price of diesel tends to rise as demand for heating oil also increases. In the U.S., diesel cars only account for approximately three percent of the car market. Meanwhile, in Europe, some 28 percent of passenger cars purchased in the first quarter of 2020 were diesel fueled.

Diesel prices have rebounded with an increase in ultra-low sulfur diesel futures and retail prices, influenced by geopolitical factors and global market dynamics.

Transportation Fuels Spot Prices dataset provides weekly average spot price information for New York Harbor Conventional Gasoline, New York Harbor Ultra-Low Sulfur Diesel as well as Western Texas Intermediate (WTI) and Brent crude oil. The data is presented as a weekly average from January 2011 through current. Jet fuel wholesale price is included on a monthly basis on a 3 month lag. How does your organization use this dataset? What other NYSERDA or energy-related datasets would you like to see on Open NY? Let us know by emailing OpenNY@nyserda.ny.gov.

Transportation Fuels Spot Prices dataset provides weekly average spot price information for New York Harbor Conventional Gasoline, New York Harbor Ultra-Low Sulfur Diesel as well as Western Texas Intermediate (WTI) and Brent crude oil. The data is presented as a weekly average from June 2006 through current. Jet fuel wholesale price is included on a monthly basis on a 3 month lag.

No 2 Diesel Fuel Market Outlook

The global No 2 Diesel Fuel market size is projected to grow significantly over the forecast period, with a market value of approximately USD 200 billion in 2023, expected to reach around USD 320 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5.2%. This growth is primarily driven by the expanding transportation sector and the increasing reliance on diesel fuel for power generation and industrial applications.

One of the primary growth factors for the No 2 Diesel Fuel market is the rising demand for diesel engines in the transportation sector. Diesel engines are known for their fuel efficiency and durability, making them a preferred choice for commercial vehicles, trucks, and buses. With the global increase in logistics and freight transport activities, the demand for No 2 Diesel Fuel is expected to rise considerably. Additionally, emerging economies are experiencing significant growth in vehicle ownership, further boosting the market.

Another crucial factor contributing to market growth is the use of diesel fuel for power generation. Diesel generators are widely used in various sectors, including industrial and residential, to provide backup power during outages. The reliability and efficiency of diesel generators make them indispensable, particularly in regions with unstable power grids. Moreover, ongoing infrastructure development projects in many parts of the world are leading to increased demand for temporary power solutions, thereby driving the No 2 Diesel Fuel market.

The industrial sector also plays a significant role in the growth of the No 2 Diesel Fuel market. Diesel fuel is extensively used in industrial machinery and equipment due to its high energy density and efficiency. Industries such as construction, mining, and manufacturing rely heavily on diesel-powered machines for their daily operations. The continuous expansion and modernization of these industries contribute to the growing demand for No 2 Diesel Fuel.

From a regional perspective, the Asia Pacific region is expected to witness substantial growth in the No 2 Diesel Fuel market. Rapid industrialization, urbanization, and an increasing number of vehicles are key factors driving the demand for diesel fuel in countries like China and India. North America and Europe are also significant markets due to their well-established transportation and industrial sectors. However, stringent environmental regulations in these regions may impact market dynamics. The Middle East & Africa and Latin America are emerging markets with growing infrastructure investments and industrial activities, further propelling market growth.

In addition to these growth drivers, the role of Petroleum Fuel Dyes is becoming increasingly significant in the No 2 Diesel Fuel market. These dyes are used to differentiate between various types of fuel for regulatory, taxation, and safety purposes. By adding specific colors to diesel fuel, authorities can easily identify and monitor fuel usage, ensuring compliance with environmental and tax regulations. This practice not only aids in preventing fuel fraud but also helps in maintaining the quality and integrity of diesel products. As the market expands, the demand for effective fuel dyes is expected to rise, supporting the industry's efforts to adhere to stringent regulatory standards.

Type Analysis

No 2 Diesel Fuel is primarily segmented into Low Sulfur Diesel and Ultra-Low Sulfur Diesel. Low Sulfur Diesel has been a traditional choice due to its widespread availability and lower cost. However, environmental concerns and stringent regulations regarding sulfur emissions have led to a shift towards Ultra-Low Sulfur Diesel (ULSD). ULSD contains significantly less sulfur, making it a cleaner-burning fuel that reduces harmful emissions. This shift is particularly prominent in developed regions like North America and Europe, where stringent emission standards are enforced.

The growth of Ultra-Low Sulfur Diesel is also driven by the increasing adoption of advanced diesel engines that require cleaner fuel to function efficiently. These engines are designed to meet strict emission norms, and using ULSD helps in complying with these regulations. Additionally, the rising awareness about environmental sustainability is encouraging consumers and industries to opt for cleaner fuel options, thus boosting the demand for ULSD.

Low Sulfur Diese

Analysis of ‘Transportation Fuels Spot Prices: Beginning 2006’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://catalog.data.gov/dataset/4d71f99a-74ec-4ce8-bc42-fbf032588f62 on 27 January 2022.

--- Dataset description provided by original source is as follows ---

Transportation Fuels Spot Prices dataset provides weekly average spot price information for New York Harbor Conventional Gasoline, New York Harbor Ultra-Low Sulfur Diesel as well as Western Texas Intermediate (WTI) and Brent crude oil. The data is presented as a weekly average from June 2006 through current. Jet fuel wholesale price is included on a monthly basis on a 3 month lag.

How does your organization use this dataset? What other NYSERDA or energy-related datasets would you like to see on Open NY? Let us know by emailing OpenNY@nyserda.ny.gov.

--- Original source retains full ownership of the source dataset ---

Industrial Production Nowcast: sa: YoY: Contribution: Energy Prices: Ultra Low Sulfur No.2 Diesel Fuel: Spot Price: New York Harbor data was reported at 0.328 % in 12 May 2025. This stayed constant from the previous number of 0.328 % for 05 May 2025. Industrial Production Nowcast: sa: YoY: Contribution: Energy Prices: Ultra Low Sulfur No.2 Diesel Fuel: Spot Price: New York Harbor data is updated weekly, averaging 0.000 % from Feb 2020 (Median) to 12 May 2025, with 273 observations. The data reached an all-time high of 18.460 % in 15 Apr 2024 and a record low of 0.000 % in 14 Apr 2025. Industrial Production Nowcast: sa: YoY: Contribution: Energy Prices: Ultra Low Sulfur No.2 Diesel Fuel: Spot Price: New York Harbor data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Industrial Production.

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.

Ultra-Low Sulfur Diesel Additive Market Outlook

According to our latest research, the global ultra-low sulfur diesel additive market size reached USD 2.1 billion in 2024, with a recorded compound annual growth rate (CAGR) of 7.2% from 2025 to 2033. The market is projected to grow robustly, reaching an estimated USD 4.03 billion by 2033, driven by stringent environmental regulations, rising diesel engine adoption, and increasing demand for high-performance fuel additives. The growth is further fueled by the continuous shift towards cleaner fuels and the need for enhanced fuel efficiency and engine protection in automotive, marine, and industrial sectors.

One of the primary growth factors propelling the ultra-low sulfur diesel additive market is the implementation of stringent emission regulations across major economies. Governments and regulatory bodies worldwide, particularly in North America and Europe, have enforced strict limits on sulfur content in diesel fuels to curb air pollution and mitigate the adverse effects of sulfur oxide emissions. This regulatory landscape has necessitated the widespread adoption of ultra-low sulfur diesel (ULSD), which, while environmentally beneficial, often lacks the natural lubricity and performance characteristics of higher-sulfur fuels. As a result, there is a surging demand for specialized additives such as cetane improvers, lubricity enhancers, and cold flow improvers to restore and enhance the performance, efficiency, and longevity of engines operating on ULSD. These regulations have not only spurred innovation in additive formulations but also significantly expanded the addressable market for manufacturers and suppliers of diesel additives.

Another significant driver for the ultra-low sulfur diesel additive market is the rapid expansion of the transportation and logistics sectors, especially in emerging economies across Asia Pacific and Latin America. The increasing penetration of diesel-powered vehicles, coupled with the modernization of commercial fleets, has amplified the need for high-quality diesel fuels that ensure optimal engine performance and reduced maintenance costs. Industrial and marine applications are also witnessing heightened demand for ULSD additives, as operators seek to comply with evolving emission standards while maintaining operational efficiency. Furthermore, advancements in additive technology, such as the development of multi-functional additives that provide both lubricity and corrosion protection, are attracting end-users seeking cost-effective solutions. The growing awareness among fleet operators and industrial users regarding the long-term benefits of using premium diesel additives is expected to sustain market growth over the forecast period.

Additionally, the global push towards sustainable energy solutions and the rising focus on fuel economy are influencing the adoption patterns within the ultra-low sulfur diesel additive market. As governments incentivize cleaner fuel usage and consumers become more environmentally conscious, there is a marked shift towards additives that not only enhance engine performance but also contribute to reduced greenhouse gas emissions. The integration of digital sales channels and e-commerce platforms has further facilitated market access, enabling end-users to procure specialized additives with greater convenience and transparency. This evolution in distribution strategies, combined with ongoing research and development efforts aimed at creating next-generation additive formulations, is expected to unlock new growth avenues for market participants in the coming years.

From a regional perspective, Asia Pacific remains at the forefront of market growth, accounting for the largest share of the ultra-low sulfur diesel additive market in 2024. This dominance is attributed to the rapid industrialization, expanding automotive sector, and the implementation of progressively stricter emission norms in countries such as China, India, and Japan. North America and Europe also represent significant markets, driven by mature regulatory frameworks and high adoption rates of advanced diesel technologies. Meanwhile, Latin America and the Middle East & Africa are emerging as promising markets, supported by infrastructure development and the gradual transition towards cleaner fuels. The regional dynamics are further influenced by the presence of key market players, investment in local manufacturing capabilities, and government initiatives aimed at promoting sustainable transportati