What does 2023 hold for diesel prices?

Last year saw these prices skyrocket before slowly coming back down to Earth, but what does 2023 hold? Initial projections for the year from the U.S. Energy Information Administration (EIA) have a continued decline in diesel prices throughout 2023, with the average expected to come in at $4.23 per gallon.

Will gas prices come down in 2023?

Meanwhile, the Energy Information Administration predicts that a regular gallon of gas is expected to average$3.57in 2023, compared to $4.05 in 2022. But again, that's just a projection. That's why your best bet is to hope that gas prices come down in 2023 -- but also prepare yourself in case they don't.

What should fuel pricing teams consider in 2023?

There are several things that Fuel Pricing teams need to consider when creating their strategies for 2023. With an expectation that prices will rise, and margins may drop, fuel can’t be relied upon to be the only profit driver. Many retailers think price is the only lever to pull to drive volume.

How much does a gallon of diesel cost?

What we pay for in a gallon of: Regular Gasoline October 2020 Retail price: $2.16/gallon Diesel October 2020 Retail price: $2.39/gallon Taxes Distribution & Marketing Refining Crude Oil 22% 24% 10% 43% 24% 29% 9% 39% Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update. Top.