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.
How much is a gallon of diesel?
According to the Energy Information Administration, while national gasoline average cost per gallon remained in the $2.85 range this week, diesel continues to rise, with a national average of $3.17 per gallon.
How much is diesel per gallon vs gas?
Compare the benefits and drawbacks of diesel-powered automobiles if you’re in the market for a new vehicle. Consider the following information while deciding between a diesel and a gasoline engine.
Diesel engines, according to the US Department of Energy, consume 30 to 35 percent less fuel than comparable gasoline engines. Diesel engines, by design, have a leaner combustion process, burning less fuel than a normal spark ignition (gasoline) engine. Diesel has a higher energy density than gasoline, which means it takes less fuel to provide the same amount of power, resulting in better overall fuel economy.
Diesel has cost roughly 14 cents per gallon more than unleaded gasoline over the last ten years. Diesel fuel was more than 76 cents per gallon more expensive than gasoline at its peak. Due to greater taxes and environmental regulations, diesel has historically been more expensive per gallon. Diesel is currently 25 to 50 cents more per gallon than gasoline due to lower fuel prices. Another advantage of gasoline is its accessibility; in some places, stations do not always have a diesel pump. If drivers spend too much time seeking for places to fill up, this could reduce their output.
However, the diesel engine’s higher price must be balanced against its higher fuel economy. The incremental cost of a diesel engine in a Class 3-4 truck is $5,000 to $8,000 or more than its gasoline counterparts. Due to exhaust after-treatment technology developed to comply with Environmental Protection Agency (EPA) rules for diesel emissions, the diesel/gasoline pricing gap has roughly doubled in recent years. The higher strength components of a diesel engine contribute to its higher initial cost. Utilize this rule-of-thumb to see if you’ll be able to recoup the greater initial cost of a diesel vehicle: use the mileage break point of 30,000 annual miles. Diesel usually makes financial sense at that threshold. Gasoline is a possible lower-cost option at or below 30,000 miles. Calculate the payback period for your truck’s application using a fuel-cost/comparison study to see if the diesel engine will save you money in a reasonable amount of time.
Regular maintenance on a diesel engine will cost more in the long run than on a gasoline engine. Components on a diesel engine are either not found on a gasoline engine or require more frequent maintenance. A diesel engine’s oil changes are more expensive and are required more frequently. Filters must be replaced more frequently. Furthermore, gaining access to the engine and its components may take longer, resulting in increased labor costs. Engine oil, spark plugs, and coolant service periods are all greater on gasoline engines. Parts are often less expensive and easier to come by.
Why is it believed that diesel engines will survive significantly longer than comparable gasoline engines? Diesel engines require sturdier engine parts, such as block and cylinder heads, valves, crankshaft, and pistons, due to their high compression ratios and cylinder pressure. This is required to disperse the greater engine temperatures and compression ratios that a diesel engine may achieve. Furthermore, because diesel fuel exhaust is less corrosive than gasoline engine exhaust, a diesel engine’s exhaust system will outlast a gas engine’s exhaust system. Another factor that contributes to the diesel engine’s longevity is its operational efficiency. Because diesel engines produce more torque at lower speeds, they operate at lower rpm for a greater percentage of the time than gasoline engines. The lower the engine speed, the fewer times a piston must rise and fall, the fewer times a valve must close, and so on. All of these things happen frequently, but not as frequently as they do in a gasoline engine, which has an impact on total life.
If towing capacity is vital to your operation, the diesel engine is a better option. Diesel engines’ torque advantage makes them more suited to towing heavy loads up steep gradients. Because of the higher compression ratio required to ignite diesel fuel (17:1 diesel vs. 9:1 gasoline), the diesel engine can generate all of its torque and power at lower rpm. When compared to a gasoline engine, which creates more power the quicker it moves, this gives you more power right off the line. While a gasoline truck may be adequate for certain tasks, utilizing one for heavy towing will usually result in drastically reduced engine life and higher gasoline usage.
Which is preferable in terms of resale value? A diesel-powered truck with 150,000 kilometers on it has far longer remaining useful life than a gasoline-powered truck with similar miles, according to the market. As a result, diesel has a higher price tag. Diesel trucks are required by a wide range of businesses and industries for towing and greater payload. Many of these businesses are smaller and, as a result, have a limited fleet budget; as a result, they will be shopping for older vehicles. This means there’s a better chance of attracting a broader buyer base, increasing demand, and hence commanding higher premiums. Higher resale value Equals longer lifespan, heavier duty parts, and more power.
Is gas cheaper in Michigan or Indiana?
According to AAA, prices in the United States are now hovering about $2.62. In Indiana, a gallon of gasoline costs $2.41. It’s a little more expensive in Michigan, where it costs $2.48.
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.
What was the average cost of diesel fuel in 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.
Is diesel more expensive than gas?
The cost of diesel fuel is higher. Historically, diesel fuel has been more expensive than gasoline. Diesel fuel is subject to a higher federal excise tax than gasoline (24.4 cents per gallon vs. 18.4 cents per gallon for gasoline), and diesel fuel is occasionally subject to a higher state tax.
Is diesel cheaper to make than gas?
Diesel fuel is less volatile and heavier than gasoline, making it easier to refine from crude oil. As a result, diesel is generally less expensive than gasoline in most countries. In the United States, for example, the federal excise tax on gasoline is 18.4 cents per gallon, whereas diesel fuel is 24.4 cents per gallon.
Why is diesel fuel so high?
On a dollar-per-gallon basis, on-highway diesel fuel costs have been higher than regular-grade gasoline prices virtually continually since September 2004. This tendency contrasts with the prior historical pattern of diesel fuel prices being lower than gasoline prices, with the exception of harsh winters when demand for heating oil drove diesel fuel prices higher. Diesel fuel costs have been higher than conventional gasoline prices in recent years for three key reasons:
- Diesel and other distillate fuel oils have seen strong demand, particularly in Europe, China, India, and the United States.
- In the United States, the move to less polluting, lower-sulfur diesel fuels had an impact on diesel fuel production and distribution costs.
- On-highway diesel fuel has a federal excise tax of 24.3 cents per gallon, which is 6 cents per gallon greater than gasoline.
This Week In Petroleum delves into the world of petroleum markets. This FAQ topic is covered in greater depth in the May 20, 2009 and March 26, 2008 editions.
Other FAQs about Diesel
- Does the EIA provide state-by-state estimates or projections for energy output, consumption, and prices?
- In the United States, how much biomass-based diesel fuel is produced, imported, exported, and consumed?
- How much carbon dioxide is created by gasoline and diesel fuel consumption in the United States?
- How much does a gallon of gasoline and a gallon of diesel fuel cost?