What Is The Price Of Diesel Fuel Right Now?

Regular gasoline is more expensive than mid-grade gasoline. The cheapest price is $3.094, and it’s once again accessible in Mississippi. Missouri and Oklahoma are the other states in the United States with the lowest mid-grade gas costs. Meanwhile, if you want to buy mid-grade gasoline, the most expensive states are California, Nevada, and Hawaii. California is once again the most expensive state in the country. In this category, inhabitants in Hawaii pay $4.588 per gallon, while people in Nevada pay $4.309 and $4.279, respectively.

US States With Best and Worst Premium Gas Prices

In the category of premium gasoline, Oklahoma has the lowest current gas prices by state. Its citizens pay $3.376 per gallon, which is less than Missourians and Mississippians, who pay $3.394 and $3.415, respectively. California, Hawaii, and Nevada have the most costly premium gas prices. Premium gasoline costs $4.709, $4.569, and $4.460 in these states, respectively.

Diesel Average Gas Price by State

Diesel fuel is more expensive than standard gasoline, but less so than mid-grade and premium gasoline. Mississippi has the lowest average gas price per gallon in this category, at $2.937 per gallon. Texas and Louisiana residents pay the second and third lowest diesel fuel rates in the country, respectively $2.948 and $2.471. Hawaii has the second-highest average gas price in the country, at $4.569 a gallon. California has the most costly gas prices, at $4.709. Nevada completes the list of the three states with the highest diesel costs, with residents paying $3.953 per gallon.

What is the cost of 1 liter diesel?

On September 24, 2017, the international market price of diesel was $68.92 a barrel (one barrel equals 159 litres).

The day’s average exchange rate is Rs.64.09 per dollar, bringing the cost of a litre of fuel to Rs.27.78. The OMCs pay refineries Rs. 28.16 per litre, according to the daily price formula.

OMCs offer it to dealers for Rs. 30.22 per litre after deducting their profit margin, marketing costs, freight, and other fees.

The fuel station dealers then add Rs. 17.33 per litre in excise duty, Rs. 2.50 per litre in commission, Rs. 2.50 per litre in VAT, and Rs. 8.67 per litre in pollution cess, and sell it to customers for Rs. 58.72.

Will diesel price go down?

Domestic retail prices are set on a 15-day rolling average, so petrol and diesel prices will be decreased only if the recent drop in international oil prices is sustained for a few more days, according to government sources. “It’s only natural to assume that, as a result of the rate cut on Friday, retail pump prices will fall as well.

How much is a gallon of diesel 2020?

In 2020, the average annual cost of diesel fuel in the United States was 2.55 dollars per gallon. This was a drop from the previous year, when diesel was selling for an average of $3.06 per gallon.

Will diesel be cheaper than gas?

Customers who drive a lot of highway miles prefer diesel engines, according to Bell Performance and Road and Track, because they are more efficient on these roads than gas engines. Diesel fuel simply has more energy per gallon than gasoline, making it more cost-effective overall. Diesel engines are still more fuel efficient than gasoline engines, but they are less so for city drivers. Diesel cars also have higher torque, which means they get better gas mileage and accelerate faster.

It’s crucial to keep in mind that some types of diesel fuel can reduce vehicle performance. Black diesel, biodiesel, and other improved diesel products are among them.

Diesel and gasoline are around the same price for most Americans. Diesel can sometimes be more expensive than gasoline, yet it can also be less expensive than gasoline. Even if you pay more on diesel fuel, a diesel engine will still provide better fuel efficiency throughout the life of the car. This is because an 8-liter gasoline engine would be required to produce the same level of power as a 6-liter diesel engine.

Diesel engines, according to Digital Trends, are more durable and endure longer than gas engines, with reliable operation and low maintenance requirements. Diesel cars used to be substantially heavier than comparable-sized gas cars, but thanks to contemporary manufacturing technologies, this is no longer an issue.

Diesel engines also have fewer components than gasoline engines, reducing the number of potential parts that could fail in your vehicle.

Diesel engines often require fewer repair and maintenance services than gasoline engines, resulting in a cost savings.

While early diesel engines had a well-deserved reputation for being noisy, current technology has largely addressed this issue. Noise pollution and dark smoke have been reduced, so if you were concerned about those issues in prior decades, you may wish to reconsider diesel as a viable option. Today, the driving experience in a diesel-powered vehicle is essentially identical to that of a gasoline-powered vehicle.

Why is red diesel cheap?

Because of the lower fuel duty rate, red diesel is much less expensive. Many people who use red diesel work in the construction or agricultural industries, and they use it to power their vehicles and machinery. Businesses can avoid costly gasoline bills and gain profits thanks to the lower costs.

What state has the highest diesel prices?

According to a Jan. 6 survey by the American Automobile Association, California has the highest gasoline prices in the US at $4.656 a gallon, while Texas has the lowest at $2.912 per gallon.

According to Investopedia, rising gas prices can be a drag on the economy, affecting everything from consumer spending to airline ticket pricing to hiring practices. Gas is a significant transportation input that affects not only drivers but also businesses that rely on global logistics and transportation chains.

Because of the country’s seasonal gasoline demand curve, according to Lundburg Survey, which has been tracking the sector for decades, gasoline prices will most likely reduce in the short future.

Editor’s note: This item was amended from a previous story published on Oct. 27, 2021, to incorporate the most recent gas pricing data and AAA information.

Mississippi

Mississippi has the most affordable cost of living of any of the 50 states. The cost of living index in Mississippi is 84.8. Mississippi has the lowest housing expenses in the US, with an average home price of $128,000 and a two-bedroom apartment rent of $795 per month, according to a housing index of 66.7. The lowest median household income in the country, $43,567 per year, corresponds to the lowest cost of living in the country.

Oklahoma

The cost of living in Oklahoma is the second lowest in the country. Oklahoma has fairly cheap housing prices, with an average two-bedroom apartment costing $879 per month and a median property value of $130,001. Oklahoma also boasts cheap transportation expenses, with standard gasoline costing $2.262 per gallon, the second-lowest in the US as of January 2020. Oklahoma’s living wage is $46,159, with a median household income of $51,424.

Arkansas

Arkansas has the third-lowest cost of living in the country. Housing, transportation, and healthcare costs are all significantly lower than the national average in Arkansas, which has a cost of living index of 87.8. Arkansas’ housing index is only 75.2, which means that inhabitants spend an average of $708 per month on rent or mortgages. To live comfortably in Arkansas, a family would need to earn $44,571, which is somewhat less than the state’s median household income of $45,726.

Kansas

With a cost of living index of 87.9, Kansas has the fourth-lowest cost of living in the United States. Kansas has one of the lowest housing indexes in the country, at 71.8. Kansas’ median home price is at $137,700, and the average monthly rent for a two-bedroom apartment is $752. Kansas has low transportation expenses, with standard gasoline costing $2.278 per gallon in January 2020, the third-lowest price in the United States. Kansas has a living wage of $48,054 and a typical household income of $57,422.

Missouri

Missouri has the fifth-lowest overall cost of living, with an 88.9 cost of living index. Missouri’s housing index is merely 71.6, which means that a four-bedroom home can be had for just over $200,000 in various regions of the state. As of January 2020, Missouri has the lowest gas costs of any state, with regular gasoline costing $2.209 a gallon. In Missouri, the living wage for a family of four is $53,078, which is just enough to match the state’s median household income of $53,560.

Georgia

Georgia has the sixth lowest cost of living in the United States. The housing index in Georgia is 71.3, with a median home price of $186,500 and an average rent of $958 for a two-bedroom apartment. Cities like Atlanta, Savannah, Augusta, and Columbus saw large rent hikes. While transportation and grocery expenditures are slightly lower than the national average, Georgia residents pay an average utility bill of $126.38, which is little higher than the national average. Georgia’s livable wage is $47,946, with a typical household income of $55,679.

Alabama

The cost of living in Alabama is the ninth lowest in the country. The housing index in Alabama is only 70.2. Alabama’s median home price is $129,300, and the average monthly rent for a two-bedroom apartment is $772. Alabama is one of the finest states for retirees because it has beaches, golf courses, and pleasant weather, yet it is far less expensive than Florida. Alabama’s livable wage is $45,824, with a typical household income of $48,486.

New Mexico

With an index of 87.5, New Mexico has the eighth-lowest cost of living in the United States. With a median home value of $193,200 and an average monthly rent of $847 for a two-bedroom apartment, New Mexico’s cheap cost of living is mostly impacted by its low housing prices. In New Mexico, a monthly utility bill is also below average. The typical household income in New Mexico is $48,059.

Tennessee

The cost of living in Tennessee is the sixth lowest in the country. The living wage in Tennessee is $46,785. Tennessee has the fifth-lowest housing index in the US, at 72.5. In locations like Chattanooga and Knoxville, a two-bedroom apartment will cost around $854 per month on average, with some upward variance. Utility expenses and healthcare prices are roughly in line with the national average. Tennessee’s median annual income is $50,972.

Indiana

With a cost of living index of 90.4, Indiana completes the top ten list of states with the lowest cost of living. With a score of 76.5, Indiana has one of the lowest housing indices in the country. The average home value is $169,156, and a two-bedroom apartment costs roughly $750 per month. The cost of transportation is comparable to the national average, and the cost of groceries is lower than the national average.

Who has the highest gas prices in the world?

To drive most cars throughout the world, you’ll need gas. OPEC attempts to keep oil markets stable, but gas prices fluctuate. Geographic location, infrastructure, political turmoil, and taxes are all variables that contribute to this.

Budget Direct, an Australian auto insurance business, looked into the cost of gasoline in several nations. Angola has the cheapest gasoline, at $0.24 per liter ($0.66 per gallon), whereas the United States is ranked 36th, at $0.89 per liter ($2.81 per gallon). On a global scale, it’s not horrible.

But which countries enrage drivers with their high fuel prices? These are the countries where gas is the most costly.

Why has diesel gone up so much?

The biggest cause for the price hikes has been a doubling of oil prices in the last year, with Brent crude currently trading at $84 per barrel as pandemic-affected economies recover. Businesses are feeling the effects of rising diesel costs, especially because HGVs and vans represent the backbone of the economy.