Diesel prices averaged USD 2.40 per gallon in July, up 6.0% from June. On 31 July, the commodity traded at USD 2.40 per gallon, up 3.9% from 30 June.
Diesel was July’s lone bright spot in a downcast oil market, with the fuel’s price premium over crude rising to a 17-month high. Israel’s 12-day war with Iran resulted in significant damage at the Haifa refinery, further depleting inventories, which were already at low levels.
This chart displays Diesel (NULL) from 2023 to 2025.
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| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Diesel | - | - | 3.01 | 2.82 | 2.69 | 2.51 | 2.33 | 2.24 | 2.36 | 2.15 | - | - |