U.S. consumption of diesel fuel amounted to a four-week rolling average of around 3.46 million barrels per day in the first week of June 2025. In the period of consideration, diesel consumption in the country reached its peak in February 2022.

Gasoline consumption in the United States transportation sector amounts to around 8.5 million barrels per day. In 2024, gasoline and distillate fuel oil (diesel) consumption decreased. Gasoline consumption is close to three times higher than diesel consumption, the latter amounting to less than three million barrels per day. Energy demand in the transportation sector The transportation sector, which includes public and personal transportation by road vehicles, airplanes, trains and ships, is the second-largest energy-consuming sector in the United States. The majority of energy consumed in this sector is derived from petroleum or crude oil. However, thanks to government incentives, annual biofuel consumption in the U.S. has also increased to over 1.9 billion gallons. Consumption of motor fuels remains steady amid lower car sales Distillate fuel can be used as either fuel oil or diesel fuel. The figures indicate that gasoline is still the most popular transportation fuel in the U.S. Gasoline and diesel consumption has stayed relatively constant over the last two decades, whereas U.S. car sales have notably decreased since 2014.

The consumption of gasoline in the United States amounted to some 8.88 million barrels per day in June 2025. In the period of consideration, gasoline consumption reached its highest four-week average in July 2024. Consumption is generally highest in the summer months. Gasoline production and sales The U.S. reported a decrease in domestic motor gasoline refinery production in recent years, although gasoline sales remained at all-time highs. Meanwhile, in 2024, real gasoline prices for end users fell to their lowest value in four years due to downward pressure on crude oil prices. Gasoline vs diesel Both diesel and gasoline are derived from crude oil. Gasoline, however, undergoes a more extensive refining process, resulting in a more volatile compound compared to diesel. This characteristic accelerates the combustion of gasoline, yielding greater horsepower in practical applications. Diesel's advantage lies in its slower burn, which makes it especially fuel efficient and more favorable for heavy-duty vehicles. The average consumption of diesel fuel in the United States stood at 3.46 million barrels per day in June 2025.

In May 2025, one gallon of diesel cost an average of 3.5 U.S. dollars in the United States. That was a decrease compared to the month prior, and also lower than prices in May 2024. Impact of crude prices on motor fuel consumer prices Diesel prices are primarily determined by the cost of crude oil. In fact, crude oil regularly accounts for around 50 percent of end consumer prices of diesel. As such, supply restrictions or weak demand outlooks influence prices at the pump. The fall in diesel prices noted in the latter half of 2024 is a reflection of lower crude prices. Diesel and gasoline price development The usage of distillate fuel oil began in the 1930s, but until further development in the 1960s, diesel vehicles were mostly applied to commercial use only. In the U.S., diesel-powered cars remain a fairly small portion of the automobile market and diesel 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, tend to be used for large commercial vehicles.

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 USA: Diesel and heating oil consumption, thousand barrels per day: The latest value from 2023 is 3916.13 thousand barrels per day, a decline from 4025.57 thousand barrels per day in 2022. In comparison, the world average is 145.86 thousand barrels per day, based on data from 190 countries. Historically, the average for the USA from 1980 to 2023 is 3535.25 thousand barrels per day. The minimum value, 2670.86 thousand barrels per day, was reached in 1982 while the maximum of 4195.91 thousand barrels per day was recorded in 2007.

The Diesel Fuel Market is Segmented by End-User (Transportation, Industrial, and Others), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report offers the market size and forecasts in revenue (USD) for all the above segments.

The average for 2022 based on 190 countries was 145.53 thousand barrels per day. The highest value was in the USA: 4025.57 thousand barrels per day and the lowest value was in Montserrat: 0.09 thousand barrels per day. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

Snapshot img { margin: 10px !important; } The global diesel fuel market has the potential to grow by USD 92.15 billion during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by end-user (transportation, industrial, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including BP Plc, Chevron Corp, Exxon Mobil Corp., PetroChina Co. Ltd., Qatar Petroleum, Reliance Industries Ltd., Rosneft Oil Co., Royal Dutch Shell Plc, Saudi Arabian Oil Co., and SK Energy Co. Ltd.

Market Overview

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Market Competitive Analysis

The diesel fuel market is currently fragmented, and the degree of fragmentation will remain the same during the forecast period. Established vendors are adopting inorganic growth strategies such as mergers and acquisitions and partnerships to expand their geographic outreach. BP Plc, Chevron Corp, Exxon Mobil Corp., and PetroChina Co. Ltd. are some of the major market participants. Although the increasing oil and gas E&P investments will offer immense business opportunities, the adoption of alternative fuel vehicles will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market positions, this diesel fuel market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this diesel fuel market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading diesel fuel companies, including:

BP Plc
Chevron Corp
Exxon Mobil Corp.
PetroChina Co. Ltd.
Qatar Petroleum
Reliance Industries Ltd.
Rosneft Oil Co.
Royal Dutch Shell Plc
Saudi Arabian Oil Co.
SK Energy Co. Ltd.

Diesel Fuel Market: Segmentation by Region

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APAC will offer several growth opportunities to market vendors during the forecast period. In APAC, the rising number of automobiles and growing energy demand in developing countries has increased the need for crude oil and refined products such as diesel fuel. As per the IEA, the demand for oil is rising in countries such as China and India.

About 44% of the market’s growth will originate from APAC during the forecast period. The region is witnessing a significant increase in the average consumer spending owing to stable economic development. This will subsequently drive the growth of industries such as automobile, thereby driving the consumption of diesel fuel in the region. China, India, Japan, and South Korea are the key markets for diesel fuel in APAC. Market growth in this region will be faster than the growth of the market in other geographies.

Diesel Fuel Market: Segmentation by End-user

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Diesel is primarily used in the primary modes of urban mobility and transportation such as public transportation, private transportation, and freight transportation. The number of vehicles on the road is expected to increase with the growing urban population. Hence, the increased deployment of vehicles due to the rise in urbanization and industrialization will augment the consumption of diesel fuel.

The market growth by the transportation segment will be faster than the growth of the market by other segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the diesel fuel market size.

Diesel Fuel Market: Key Drivers and Trends

The growing population and industrial development have been increasing the demand for energy across the world. To meet the increasing demand, untapped oil and gas resources are being explored with advanced techniques. Furthermore, to maximize the revenue, oil and gas companies are increasingly investing in mature oil and gas fields. Oil and gas exploration and production (E&P) companies have increased their investments in shale

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.

The global diesel as fuel market is projected to reach US$ 883.13 billion by 2033, growing at a CAGR of 2.09% from 2025 to 2033. The increasing adoption of diesel engines in heavy-duty vehicles, construction, mining, and marine applications is driving the market growth. The stringent emission norms and regulations imposed by governments worldwide are also fostering the demand for diesel additives, such as diesel particulate filters and selective catalytic reduction systems. Key market players include Sinopec, Repsol, Phillips 66, Husky Energy, CNOOC, TotalEnergies, Marathon Petroleum, Valero Energy, PetroChina, ExxonMobil, BP, Chevron, Eni, Shell, and Cenovus Energy. These companies are investing in research and development to enhance the efficiency and performance of diesel engines and fuels. The Asia-Pacific region is expected to witness significant growth due to the rising demand for diesel in emerging economies like China and India. North America and Europe are also expected to contribute to the market growth due to the increased adoption of diesel engines in the construction and mining sectors. Recent developments include: The global Diesel As Fuel Market is expected to reach USD 883.13 billion in 2023 and USD 1064.0 billion by 2032, exhibiting a CAGR of 2.09% during the forecast period. Increasing demand for diesel fuel in transportation, construction, agriculture, and industrial sectors is driving market growth. Government regulations promoting diesel fuel usage and technological advancements in diesel engines further contribute to the market's expansion. Key industry participants include BP, Chevron, Shell, ExxonMobil, and TotalEnergies, who are investing in research and development to enhance diesel fuel efficiency and reduce emissions.. Key drivers for this market are: Increased demand in construction, mining and transportation sectors Growing adoption in developing economies Technological advancements for emission reduction Expansion of power generation applications Rising environmental concerns.. Potential restraints include: Rising transportation demands stringent emission regulations, increasing infrastructure investments; technological advancements; and fluctuating crude oil prices..

In 2022, the amount of motor fuel consumed by the transit networks in the United States reached 749 million gallons, a year-over-year increase of around 5.6 percent from the previous year. During the same year, the most consumed fuel type was diesel, with almost 65 percent of the total fuel consumption.

The average for 2022 based on 12 countries was 176.03 thousand barrels per day. The highest value was in Brazil: 1089.55 thousand barrels per day and the lowest value was in Guyana: 6.04 thousand barrels per day. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

Natural gas from shale plays dominates new production and growth. However, unconventional well development is an energy intensive process. The prime movers, which include over-the-road service trucks, horizontal drilling rigs, and hydraulic fracturing pumps, are predominately powered by diesel engines that impact air quality. Instead of relying on certification data or outdated emission factors, this model uses new in-use emissions and activity data combined with historical literature to develop a national emissions inventory. For the diesel only case, hydraulic fracturing engines produced the most NOx emissions, while drilling engines produced the most CO emissions, and truck engines produced the most THC emissions. By implementing dual-fuel and dedicated natural gas engines, total fuel energy consumed, CO2, CO, THC, and CH4 emissions would increase, while NOx emissions, diesel fuel consumption, and fuel costs would decrease. Dedicated natural gas engines offered significant reductions in NOx emissions. Additional scenarios examined extreme cases of full fleet conversions. While deep market penetrations could reduce fuel costs, both technologies could significantly increase CH4 emissions. While this model is based on a small sample size of engine configurations, data were collected during real in-use activity and is representative of real world activity.

The global diesel fuel market, valued at $244.26 billion in 2025, is projected to experience steady growth, driven primarily by the persistent demand from the transportation and industrial sectors. A compound annual growth rate (CAGR) of 3.50% from 2025 to 2033 indicates a continuous, albeit moderate, expansion. The transportation segment, encompassing heavy-duty vehicles like trucks and buses, remains the largest consumer, significantly influenced by global logistics and freight movements. Industrial applications, including power generation and machinery operation, contribute substantially to market demand, particularly in developing economies experiencing rapid industrialization. While the "Others" segment encompasses various smaller applications, its growth is expected to be influenced by overall economic activity and emerging technologies. Growth will likely be influenced by factors such as fluctuating crude oil prices, government regulations on emissions (promoting cleaner alternatives), and the ongoing shift toward electric and alternative fuel vehicles. However, the persistent demand from heavy industries and developing economies is expected to offset some of the negative pressure from these factors. Regional variations are expected, with Asia-Pacific and the Middle East showing potentially stronger growth due to their expanding economies and infrastructure development. North America and Europe are expected to witness more moderate growth due to the ongoing adoption of stringent emission standards and the increasing popularity of electric vehicles. The competitive landscape is dominated by major integrated energy companies like Chevron, ExxonMobil, and Shell, along with significant players from Asia and the Middle East. These companies hold considerable market share due to their established refining and distribution networks. However, smaller regional players and alternative fuel providers are increasingly challenging the established order, particularly in niche markets. The long-term outlook suggests continued market growth, albeit at a pace moderated by technological advancements and regulatory changes. The industry will need to adapt to evolving environmental concerns and consumer preferences, emphasizing efficiency and sustainability in both production and distribution. Recent developments include: May 2023: Petrobras, the state oil company of Brazil, gave the green light to a revised fuel pricing policy that will result in significant cost reductions for drivers. As per the newly approved strategy, gasoline, and diesel prices will experience a considerable decline, with a nearly 13% reduction., February 2023: Europe officially confirmed the prohibition on selling new petrol and diesel cars starting in 2035. As the world's second-largest car market, this decision follows the passing of a law by the European Parliament. The law mandated car manufacturers to achieve complete elimination of CO2 emissions from all newly produced vehicles.. Key drivers for this market are: 4., Increasing Demand from Industrial Applications4.; Growing Infrastructure Across the World. Potential restraints include: 4., Increasing Demand from Industrial Applications4.; Growing Infrastructure Across the World. Notable trends are: Transportation Segment is to Expected to Dominate in the Market.

Context

Source: U.S. Energy Information Administration (Jan 2021).

Content

The data contains the following information: - A1: Weekly U.S. All Grades All Formulations Retail Gasoline Prices (Dollars per Gallon) - A2: Weekly U.S. All Grades Conventional Retail Gasoline Prices (Dollars per Gallon) - A3: Weekly U.S. All Grades Reformulated Retail Gasoline Prices (Dollars per Gallon) - R1: Weekly U.S. Regular All Formulations Retail Gasoline Prices (Dollars per Gallon) - R2: Weekly U.S. Regular Conventional Retail Gasoline Prices (Dollars per Gallon) - R3: Weekly U.S. Regular Reformulated Retail Gasoline Prices (Dollars per Gallon) - M1: Weekly U.S. Midgrade All Formulations Retail Gasoline Prices (Dollars per Gallon) - M2: Weekly U.S. Midgrade Conventional Retail Gasoline Prices (Dollars per Gallon) - M3: Weekly U.S. Midgrade Reformulated Retail Gasoline Prices (Dollars per Gallon) - P1: Weekly U.S. Premium All Formulations Retail Gasoline Prices (Dollars per Gallon) - P2: Weekly U.S. Premium Conventional Retail Gasoline Prices (Dollars per Gallon) - P3: Weekly U.S. Premium Reformulated Retail Gasoline Prices (Dollars per Gallon) - D1: Weekly U.S. No 2 Diesel Retail Prices (Dollars per Gallon)

Acknowledgements

Source: U.S. Energy Information Administration (Jan 2021) https://www.eia.gov/dnav/pet/pet_pri_gnd_dcus_nus_w.htm

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Inspiration

What makes the price of the diesel fluctuate so much?

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.

The global market for diesel fuel flow improvers is experiencing robust growth, driven by stringent emission regulations and the increasing demand for efficient and clean diesel fuel. The market, estimated at $2.5 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5.5% from 2025 to 2033. This growth is fueled by several key factors. Firstly, the ongoing shift towards cleaner fuels is necessitating the incorporation of flow improvers to enhance cold-weather performance and reduce fuel consumption. Secondly, the expansion of the heavy-duty vehicle segment, particularly in developing economies, is boosting demand for these additives. Technological advancements in flow improver formulations, focusing on improved efficacy and environmental compatibility, further contribute to market expansion. Different copolymer types, such as ethylene-acetic acid copolymers and long-chain dicarboxyamide copolymers, cater to varied application needs, including engine performance enhancement, fuel handling optimization, fuel stability improvement, and contaminant control. Major players like Afton, BASF, Lubrizol, and Chevron Oronite are actively involved in research and development, leading to the introduction of innovative products and strengthening their market positions. Regional variations exist, with North America and Europe currently holding significant market shares. However, rapid industrialization and infrastructure development in Asia-Pacific regions, particularly in China and India, are anticipated to drive substantial growth in this region over the forecast period. While the market faces certain restraints, such as price fluctuations in raw materials and potential environmental concerns, the overall outlook remains positive. The increasing focus on fuel efficiency and emission reduction is expected to offset these challenges, thereby sustaining the growth trajectory of the diesel fuel flow improvers market in the coming years. The diverse applications across various vehicle types and regions create a strong foundation for long-term market expansion.

The size of the US Propane Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of > 5.00% during the forecast period. Propane is made up of hydrogen and carbon atoms. It’s well known for reduced environmental effect as compared to other fossil fuels. Propane market in the United States has been experiencing steady growth due to increased demand from home, business, farm and factory uses. Propane is commonly used for home heating, water heating, and cooking, particularly in rural locations where natural gas infrastructure is limited. It is also popular in commercial applications, where it is used for space heating, cooking, and backup power generation. Propane's status as a cleaner-burning fuel, generating less pollutants than gasoline, diesel, and coal, is encouraging its use as industry strive to meet stricter environmental laws and minimize their carbon footprints. Furthermore, the development and acceptance of renewable propane—derived from sustainable sources such as biomass and waste—is gaining traction, providing the same benefits as conventional propane but with a substantially lower carbon footprint. The use of propane as a fuel for vehicles is also increasing due to lower costs and lower greenhouse gas emissions compared to traditional fuels, which is contributing to the growth of the market. Recent developments include: December 2022: Suburban Propane Partners, L.P. acquires assets for the production of renewable natural gas ("RNG") from Equilibrium Capital Group. The collaboration was developed to serve as a long-term growth platform for the identification, development, and management of further RNG projects, resulting in the acquisition of two biogas facilities that were already in operation., August 2022: AmeriGas has just acquired a forklift cylinder exchange in the state of Florida. This purchase will allow the company to increase its presence and reach in the rapidly expanding Florida market. AmeriGas will be able to continue its expansion in South Florida because of the outstanding opportunity presented by this acquisition.. Key drivers for this market are: Increase in Demand from Residential and Transportation Sectors, Demand in the Petrochemical Industry. Potential restraints include: Harmful Effects of Propane at Higher Concentrations. Notable trends are: The Residential Segment to Dominate the Market.

The global diesel fuel market, valued at $1,025.2 million in 2025, is projected to experience steady growth, driven by robust demand from the transportation sector, particularly within the automotive and railway industries. The market's Compound Annual Growth Rate (CAGR) of 4.4% from 2025 to 2033 indicates a continuous expansion, fueled by increasing industrialization and global trade, leading to higher freight transportation needs. The rising popularity of heavy-duty vehicles, especially in developing economies experiencing rapid infrastructure development, further boosts demand. Diesel fuel remains a preferred choice due to its high energy density and cost-effectiveness, although concerns surrounding environmental regulations and the push towards cleaner alternatives like biofuels and electric vehicles present a significant challenge. Segmentation reveals that #2 diesel fuel likely holds the largest market share due to its widespread usage in various applications, while the automotive segment is expected to dominate application-based segmentation, driven by the considerable number of diesel-powered vehicles worldwide. Key players like BP, Shell, and ExxonMobil, through their extensive distribution networks and technological advancements, are likely to maintain their dominant market positions. The market's geographical distribution is expected to be heavily concentrated in regions with extensive industrial activity and robust transportation networks, with North America, Europe, and Asia Pacific leading the charge. However, the market faces headwinds from stricter emission regulations globally, pushing manufacturers to adopt cleaner technologies. The increasing adoption of electric vehicles and alternative fuels, alongside fluctuating crude oil prices, introduces uncertainty. Government incentives and policies aimed at promoting cleaner alternatives exert downward pressure on diesel fuel consumption. Despite these challenges, the continued demand from developing economies and specific industrial sectors, coupled with ongoing improvements in diesel fuel technology focusing on emission reduction, is expected to mitigate these headwinds to some extent, ensuring a moderate but consistent growth trajectory for the foreseeable future. Strategic partnerships, technological innovation, and expansion into emerging markets are crucial factors for market players to maintain competitiveness and capture growth opportunities in this evolving landscape.