Diesel price breakdown by cost composition in the U.S. 2020-2024
Crude oil is the greatest cost component determining diesel retail prices in the United States. As of February 2024, 45 percent of the diesel retail price was set by crude oil costs. That month one gallon of diesel sold for an average of 4.04 U.S. dollars. U.S. diesel prices have increased in the first months of 2024.