According to the U.S. Energy Information Administration, the cost of a gallon of on-highway diesel fuel is comprised of four elements – crude oil costs, refining costs, distribution and marketing costs, and taxes.
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But, what are the main factors that cause the price of diesel to go up, or down?
Work Truck asked Hamish Woodrow, Head of Strategic Analytics at Motive.
Check out what Woodrow had to say.