Diesel engines are often more fuel-efficient than gasoline engines, which can make diesel fuel more cost-effective for certain vehicles or applications. Even so, these prices can fluctuate for a variety of reasons. So, what’s going on with diesel pricing? Let’s take a closer look.
Diesel fuel prices go up due to a variety of factors, including global demand, supply and production costs, taxes, and government regulations.
The price of crude oil is currently rising due to increased global demand, supply disruptions, and geopolitical tensions. Additionally, the US dollar exchange rate can also have an impact on diesel prices. More recently, the U.S. dollar has weakened, which contributed to the rise in crude oil prices.
What does this mean for diesel customers? Diesel fuel is a blend of refined crude oil and biomass materials. In other words, because diesel fuel is produced by refining crude oil, the price of diesel fuel is directly affected by the cost of crude oil.
At Fredericks, we understand that affordable diesel fuel can make a big difference to the success of your business – including farms, landscapers, builders, excavators, pavers, movers, waste haulers, truckers, foodservice, courier and delivery industries, and more. That’s just one reason why our customers continue to rely on Fredericks Fuel for both on- and off-road diesel fuel to meet all their transportation, equipment and heating needs. With plentiful on-site storage, Fredericks Fuel offers competitive pricing and a dependable supply of both on- and off-road diesel fuel.
Visit our Wantage plant for on- or off-road diesel or reach out to schedule a fuel delivery. If you are located in Oak Ridge, Sparta, Wantage or anywhere in Northern NJ, contact us today to learn why Fredericks Fuel should be your diesel fuel supplier.