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Procurement Market Intelligence Report
Diesel Fuel
Sourcing Guide & Market Trends
Comprehensive intelligence for making smart purchasing decisions
Learn about actual and potential costs
How much should I pay for Diesel Fuel?
What is the average price of Diesel Fuel?
This procurement report includes pricing information to help you purchase Diesel Fuel. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.
Has the price of Diesel Fuel been rising or falling?
Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.
I’m not ready to purchase Diesel Fuel yet. Will I pay more if I wait too long?
We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.
What other costs are associated with purchasing Diesel Fuel?
Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Diesel Fuel with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Find the vendor to meet your needs
Where can I purchase ?
There are about 2,500 total suppliers in the diesel fuel market. Of these suppliers, there are about 200 petroleum product manufacturers and 2,300 wholesalers. ProcurementIQ estimates that the top four suppliers currently account for between 50.0% and 75.0% of the diesel fuel market, which is indicative of a high level... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Product Quality
What quality standards do you implement to ensure the consistent production of high-quality diesel fuel?
How much experience do you have producing and supplying diesel fuel for my specifications and volume?
Have you received complaints that your diesel fuel did not perform up to expectations? How were these complaints handled?
Can you provide the MSDS and list of additives? How does this list compare to the national standard?
Downstream Demand
What share of your diesel fuel production is diverted to export markets?
What share of your diesel fuel production is destined for the domestic market?
What are your projections for the growth in demand from export markets? Is your facility equipped to handle it?
Have you or do you have plans to expand your export terminal? What impact do you expect this expansion project to have on your profit margin?
Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle increased/reduced demand?
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Key elements for every RFP
What should my RFP include?
Project Budget
Buyers should state their maximum budget for the contract.
Buyers should request a detailed breakdown of how price differentials are determined for fuel delivered to different locations based on the state taxes and delivery distance.
Buyers should indicate how price increases must be communicated.
Buyers should state their preferred payment method.
Selection Criteria
Buyers should prioritize suppliers that offer the most competitive prices.
Buyers should consider suppliers with strong track records of on-time deliveries.
Buyers should give preference to suppliers with a history of successful risk mitigation and regulatory compliance.
For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.
Project Schedule
Buyers should indicate the date by which proposals are due.
Buyers should specify the timeline for evaluating potential vendors.
Buyers must indicate the date award information will be available.
Evaluate major factors to mitigate risk
How risky is the supply chain?
On average, buyers face a high risk of price spikes in this market. This risk stems from instability in upstream raw material costs, particularly crude oil. Crude oil prices have displayed substantial volatility in the three years leading up to 2020, primarily due to fluctuations in the global supply and... Subscribe to learn more.