# EIA Expects U.S. Gasoline and Diesel Retail Prices to Decline In 2023 and 2024 - Fuels Market News

> The EIA's Short-Term Energy Outlook forecasts on-highway diesel averaging $4.23 a gallon in 2023 and $3.70 in 2024, down from 2022 levels. The decline is based on lower diesel and gasoline demand growth and rising global refinery capacity.

- Date: 2023-01-19 · published 2023-01-19T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/37971-eia-expects-u-s-gasoline-and-diesel-retail-prices-to-decline-in-2023-and-2024
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A forecast decline in diesel prices points to lower fuel and freight costs for feed buyers through 2024. Rising refinery output supports the bearish price outlook.

## Read by commodity

- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2020-04-28 | [EIA Gasoline and Diesel Retail Prices Update, April 28, 2020 - Fuels Market News](https://feedsoft.ai/events/53809-eia-gasoline-and-diesel-retail-prices-update-april-28-2020-fuels-market-news.md) | +33.5% | +60.0% |
| DIESEL | 2019-05-30 | [EIA Gasoline and Diesel Retail Prices Update, May 29, 2019 - Fuels Market News](https://feedsoft.ai/events/10407-eia-gasoline-and-diesel-retail-prices-update-may-29-2019-fuels-market-news.md) | -9.9% | -0.1% |
| DIESEL | 2020-07-29 | [EIA Gasoline and Diesel Retail Prices Update, July 28, 2020 - Fuels Market News](https://feedsoft.ai/events/52310-eia-gasoline-and-diesel-retail-prices-update-july-28-2020-fuels-market-news.md) | +0.9% | +0.4% |
| DIESEL | 2018-12-18 | [EIA Gasoline and Diesel Retail Prices Update, December 18, 2018 - Fuels Market News](https://feedsoft.ai/events/61740-eia-gasoline-and-diesel-retail-prices-update-december-18-2018-fuels-market-news.md) | -6.5% | +4.2% |
| DIESEL | 2020-01-29 | [EIA Gasoline and Diesel Retail Prices Update, January 28, 2020 - Fuels Market News](https://feedsoft.ai/events/55261-eia-gasoline-and-diesel-retail-prices-update-january-28-2020-fuels-market-news.md) | -7.4% | -12.2% |

## Sources

- fuelsmarketnews.com: https://fuelsmarketnews.com/eia-expects-u-s-gasoline-and-diesel-retail-prices-to-decline-in-2023-and-2024/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.