In its newest quick time period power outlook (STEO), which was revealed on January 14 and accomplished its forecast on January 9, the U.S. Power Data Administration (EIA) elevated its U.S. on-highway diesel worth forecast for 2025.
Based on its January STEO, the EIA sees the diesel worth averaging $3.66 per gallon in 2025. In its earlier STEO, which was launched in December, the EIA projected that the U.S. on-highway diesel gas worth would common $3.61 per gallon in 2025.
The EIA’s January STEO forecast that the diesel worth will are available in at $3.57 per gallon within the first quarter of 2025, $3.60 per gallon within the second quarter, $3.72 per gallon within the third quarter, and $3.76 per gallon within the fourth quarter.
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In its earlier STEO, the EIA noticed the diesel worth averaging $3.46 per gallon within the first quarter of this yr, $3.52 per gallon within the second quarter, $3.69 per gallon within the third quarter, and $3.75 per gallon within the fourth quarter.
Each STEOs put the 2024 U.S. on-highway U.S. diesel worth common at $3.76 per gallon. The EIA’s January STEO projected that the 2026 diesel worth will common $3.64 per gallon. The group’s December STEO didn’t embrace a projection for the 2026 U.S. on-highway diesel worth.
Latest Worth
In its newest gas replace, which was launched on January 27, the EIA confirmed that the U.S. on-highway diesel gas worth got here in at $3.602 per gallon on January 13, $3.715 per gallon on January 20, and $3.659 per gallon on January 27.
Of the 5 Petroleum Administration for Protection District (PADD) areas highlighted within the EIA’s newest gas replace, the West Coast was proven to have the very best on-highway diesel worth as of January 27, at $4.274 per gallon. The Gulf Coast was proven to have the bottom common gasoline worth as of January 27, at $3.378 per gallon.
A glossary part of the EIA web site notes that the 50 U.S. states and the District of Columbia are divided into 5 districts, with PADD 1 additional break up into three subdistricts. PADDs 6 and seven embody U.S. territories, the positioning provides.
Based on the AAA Gasoline Costs web site, the common U.S. diesel worth was $3.671 per gallon on January 29. Yesterday’s common was $3.674 per gallon, the week in the past common was $3.667 per gallon, the month in the past common was $3.504 per gallon, and the yr in the past common was $3.906 per gallon, the positioning confirmed.
The very best recorded common diesel worth was seen on June 19, 2022, at $5.816 per gallon, the AAA web site highlighted.
What Do You Pay For?
The EIA’s newest gas replace, which pegged the diesel worth at $3.49 per gallon in December 2024, confirmed that 48 % of that complete went in direction of crude oil prices, 22 % went in direction of distribution and advertising prices, 17 % went in direction of taxes, and 13 % went in direction of refining prices.
The EIA’s earlier gas replace, which was launched on January 21 and pegged the diesel worth at $3.52 per gallon in November 2024, confirmed that 48 % of that complete went in direction of crude oil prices, 21 % went in direction of distribution and advertising prices, 17 % went in direction of taxes, and 14 % went in direction of refining prices.
An EIA gas replace launched in February final yr, which pegged the retail worth of diesel at $3.97 per gallon in December 2023, revealed that 44 % of that complete went in direction of crude oil prices, 22 % went in direction of refining prices, 19 % went in direction of distribution and advertising prices, and 15 % went in direction of taxes.
To contact the writer, electronic mail andreas.exarheas@rigzone.com
