Diesel Prices Drop Due to Higher Supply and Lower Seasonal Demand

North America Diesel Prices Movement Q4:

Diesel Prices in United States:

By December 2024, diesel prices in the U.S. had dropped to around $3.41 per gallon, according to the Diesel Pricing Report. This decrease was mainly due to higher refinery output after maintenance, boosting local supply and easing previous shortages. A warmer winter also led to less heating oil use, cutting down the diesel demand. Though some areas like California saw price fluctuations, strong exports to Europe kept the market steady overall. The Diesel Price Historical Chart shows how seasonal changes, supply, and global trade affected the prices during this time.

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Note: This analysis can be adjusted to align with the customer's individual preferences

APAC Diesel Prices Movement Q4:

Diesel Prices in China:

Diesel prices in China steadily dropped during the last quarter of 2024, according to the Diesel Pricing Report, which indicated prices fell to 912 USD/MT by December. This decline was mainly due to lower domestic demand and a slowdown in industrial activity, particularly in construction and agriculture, which usually decreases during the colder months.

Although early October saw temporary price increases due to brief supply issues, the market remained generally pessimistic. Refiners adjusted their production and pricing strategies to handle excess inventory. The Diesel Price Historical Chart for this period shows ongoing price pressure resulting from economic challenges and changes in energy consumption patterns across key industries.

Regional Analysis: The price analysis can be extended to provide detailed Diesel price information for the following list of countries.

China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.

Europe Diesel Prices Movement Q4:

Diesel Prices in Brazil:

During the last quarter of 2024, diesel prices in Brazil experienced a lot of ups and downs, ending at $6.04 per liter in December. The country's reliance on diesel imports, mostly from Russia, made the prices vulnerable to changes in the global market. The weakening Brazilian real also played a part, making imports more expensive. Throughout the quarter, the demand for diesel remained high, especially for transportation and farming, which pushed prices even higher. The Diesel Price Historical Chart shows how global supply and demand, currency changes, and local usage trends all contributed to the unpredictable pricing during this time.

Regional Analysis: The price analysis can be expanded to include detailed Diesel price data for a wide range of European countries:

such as Germany, France, the United Kingdom, Italy, Spain, Russia, Turkey, the Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, the Czech Republic, Portugal, and Greece, along with other European nations.

Why are Diesel Prices Dropping?

Diesel prices are falling because refineries are producing more, there's less seasonal demand, and the supply situation has improved. In the U.S., refineries increased output after maintenance work, adding to domestic supply and easing past shortages. Plus, the winter was not as cold as expected, which meant people used less heating oil, putting less pressure on diesel demand. All these things together have led to lower diesel prices in the last quarter of 2024.

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Key Coverage:

• Market Analysis
• Market Breakup by Region
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Price Analysis
o Spot Prices by Major Ports
o Price Breakup
o Price Trends by Region
o Factors influencing the Price Trends
• Market Drivers, Restraints, and Opportunities
• Competitive Landscape
• Recent Developments
• Global Event Analysis

How IMARC Pricing Database Can Help

The latest IMARC Group study, "Diesel Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition," presents a detailed analysis of Diesel price trend, offering key insights into global Diesel market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Diesel demand, illustrating how consumer behaviour and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

About Us:

IMARC Group is a global management consulting firm that provides a comprehensive suite of services to support market entry and expansion efforts. The company offers detailed market assessments, feasibility studies, regulatory approvals and licensing support, and pricing analysis, including spot pricing and regional price trends. Its expertise spans demand-supply analysis alongside regional insights covering Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa. IMARC also specializes in competitive landscape evaluations, profiling key market players, and conducting research into market drivers, restraints, and opportunities. IMARC's data-driven approach helps businesses navigate complex markets with precision and confidence.

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This release was published on openPR.