Back to January 2025 Industry Update
January 2025 Industry Update: Fuel
Average diesel prices declined for a second consecutive month to reach their lowest level since September 2021.
Key Points
- The national average price of diesel declined further in December, dropping 0.8% MoM, or just under $0.03 to $3.49.
- Compared to December 2023, diesel prices were 12% lower YoY, or roughly $0.48, last month.
- Draws on U.S. Commercial Crude inventories outpaced builds in December by 7.8M barrels (bbls) and slightly outperformed the consensus of 7.6M bbls for the weeks ending December 6 and December 27.