Re: Diesel Price
GTS,
I was just wondering as my friend who is retired as a chemist for a refinery says that the cost to make gasoline is about 10% to 20% higher per gallon than to make diesel. According to him each barrel of oil has a fixed amount of each of the different products in it and while it is possible to convert diesel to gasoline, it is very expensive and not practical. According to him, diesel sales has not fallen with price increases and that has pushed the price up as far more of that is presently being imported from refineries out of the USA. Many of the exporting countries are now requiring that the products be refined "in country" to keep the jobs there, rather than here. Also, due to the EPA it has become very difficult and expensive to open a refinery here, so most are now "off-shore." By the way, while I do think he knows of what he speaks, I don't so take it all with some degree of salt.
Lynn
There is no doubt in my mind that the politictions in power would effect the price of fuels and many other things at election times if they could, the fact is that there isn't a lot that either party can do about that today. If you wish not to believe that, that's fine as this really isn't a place to argue politics anyway. Just be happy that it has come down! And I also might point out that prices are falling around the world, not just in the USA. I doubt that the present administration does a lot to help prices in other countryes?
By the way, fuel prices here in Canada are falling too, but diesel has not come down hardly at all. Last month gas was at $1.146 to $1.184/liter (Canadian) and diesel was about $1.188. Today gasoline here is $0.824 & diesel is still at $0.996. That would mean that in US prices it would be gasoline at $2.77/gallon, US and diesel is $3.33/gallon, US.