Diesel Market to Double or Triple by 2020
The diesel market has always been booming in Europe, but now it’s finally catching on in the U.S.
Despite fluctuating costs of diesel fuel in the U.S., analysts believe that the diesel market will grow from 3 percent of the U.S. market today to between 6 and 9 percent by 2020. From now until 2016 as many as 40 new diesel vehicles are expected to enter the U.S. market but the stability of diesel-fuel pricing might remain a concern to consumers.
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The price of diesel fuel often rises or falls for reasons unrelated to the price of standard gasoline, such as last winter when diesel cost nearly $1 more than gasoline in some areas of the U.S. As demand for diesel rises around the world, U.S. oil refineries are investing aggressively to produce more diesel, especially since the fuel recently surpassed gasoline as the most common oil-based fuel.
GALLERY: 2014 Volkswagen Golf GTD
[Source: Detroit Free Press]
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Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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