In its July quick time period power outlook (STEO), which was launched on July 8, the U.S. Power Data Administration (EIA) revealed its newest U.S. on-highway diesel gasoline value forecast.
In response to this STEO, the EIA expects the U.S. on-highway diesel gasoline value to common $3.61 per gallon in 2025 and $3.59 per gallon in 2026. In its earlier STEO, which was launched in June, the EIA projected that the U.S. on-highway diesel gasoline value would are available at $3.52 per gallon this yr and $3.58 per gallon subsequent yr. Each STEOs highlighted that the U.S. on-highway diesel gasoline value averaged $3.76 per gallon in 2024.
The EIA’s newest STEO forecast that the U.S. on-highway diesel gasoline value will common $3.67 per gallon within the third quarter of 2026, $3.59 per gallon within the fourth quarter of this yr and first quarter of subsequent yr, $3.56 per gallon within the second quarter of 2026, $3.58 per gallon within the third quarter, and $3.61 per gallon within the fourth quarter of subsequent yr. This STEO confirmed that the U.S. on-highway diesel gasoline value averaged $3.63 per gallon within the first quarter of 2025 and $3.56 per gallon within the second quarter.
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In its earlier June STEO, the EIA projected that the U.S. on-highway diesel gasoline value would are available at $3.51 per gallon within the second quarter of 2025, $3.44 per gallon within the third quarter, $3.48 per gallon within the fourth quarter, $3.56 per gallon within the first quarter of subsequent yr, $3.57 per gallon within the second quarter, $3.59 per gallon within the third quarter, and $3.62 per gallon within the fourth quarter of 2026. That STEO additionally highlighted that the U.S. on-highway diesel gasoline value averaged $3.63 per gallon within the first quarter of this yr.
In its newest diesel gasoline replace, which was launched on July 15, the EIA confirmed that the U.S. on-highway diesel gasoline value averaged $3.727 per gallon on June 30, $3.739 per gallon on July 7, and $3.758 per gallon on July 14. The July 14 value was $0.068 decrease than the yr in the past value, the gasoline replace outlined.
Of the 5 Petroleum Administration for Protection District (PADD) areas highlighted within the EIA’s newest gasoline replace, the West Coast was proven to have the very best on-highway diesel gasoline value as of July 14, at $4.498 per gallon. The Gulf Coast was proven within the replace to have the bottom on-highway diesel gasoline value as of July 14, at $3.403 per gallon.
A glossary part of the EIA website notes that the 50 U.S. states and the District of Columbia are divided into 5 districts, with PADD 1 additional cut up into three subdistricts. PADDs 6 and seven embody U.S. territories, the positioning provides.
The EIA diesel gasoline replace, which pegged the diesel retail value at $3.50 per gallon in Might, confirmed that 45 % of that whole went in direction of crude oil prices, 23 % went in direction of distribution and advertising and marketing prices, 17 % went in direction of taxes, and 15 % went in direction of refining prices.
In response to the AAA Gas Costs web site, the typical U.S. diesel value is $3.729 per gallon, as of July 18. Yesterday’s common was $3.730 per gallon, the week in the past common was $3.706 per gallon, the month in the past common was $3.595 per gallon, and the yr in the past common was $3.847 per gallon, the positioning confirmed.
The very best recorded common value for diesel within the U.S. was seen on June 19, 2022, at $5.815 per gallon, the AAA Gas Costs website outlined.
To contact the writer, e mail andreas.exarheas@rigzone.com
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