Posted on 03/26/2008 11:59:50 AM PDT by thackney
Some analysis of diesel pricing and stocks in which you might be interested.
I've been asking this question for months now.
This is a relatively recent development. The rise in diesel versus gasoline pricing in the US goes back a few years to the Ultra Low Sulfur Diesel requirements by the EPA. Multiple items have contributed to the current price structure we have today. Also crude oil prices have made the biggest difference for both of them.
I wasn't thinking so much on a global basis as I didn't think we imported refined products.
But I see where global demand for oil to be refined for all types of products has increased and will continue to increase.
I bought deisel this week and it was 50 cents more then regular.
I find it curious that there has been a 37 cent drop in diesel following the stories about a potential truckers’ strike.
hmmmmm.
Our US price for diesel fuels is now held captive to the world market price for diesel. China, India and EuROPe are now all using much more diesel than ever before. We are actually exporting diesel, in the form of biodiesel, to EuROPe! Mainly because their demand is greater than their production capacity and our capacity is greater than our demand (for the moment). Also, the dollar’s slide against the euro has made our fuels cheaper than their own domestic products. China has started rationing diesel fuel and India is launching massive biodiesel production plantations and plants to produce their own, but won’t be in full scale production for a few years. Things will get worse when the auto mfrs introduce new diesel powered cars to the US market beginning this year. .........
What? Prices are up, not down.
Weekly Retail Diesel Prices
http://tonto.eia.doe.gov/dnav/pet/pet_pri_gnd_a_epd2d_pte_cpgal_w.htm
I find it very interesting that in the chart labeled US Crude Oil Domestic Production that there are dips in Oct, Dec, and Mar, that correspond to the previous year. I don’t see why there would be corresponding production dips for crude RIGHT BEFORE, known major holidays, travel periods. Hmmmm?
See also:
AAA’s Daily Fuel Gauge Report
http://www.fuelgaugereport.com/index.asp
Diesel is not down.
See more detail at:
U.S. Weekly Crude Oil Field Production
http://tonto.eia.doe.gov/dnav/pet/hist/wcrfpus2w.htm
See if more precise data fits your concern.
What is the cost of gasoline and diesel in other countries..
bookmark
Ping...
International Petroleum Prices
Weekly Retail Gasoline Prices
http://www.eia.doe.gov/emeu/international/gas1.html
Weekly Retail Diesel (Road) Prices
http://www.eia.doe.gov/emeu/international/diesel1.html
I should know.
raac prices are down 37 cents since last monday.
I also anticipate from early reads that prices will drop another 5-10 cents at raac tonight.
Pump prices have dropped 40 cents already.
Are you actually claiming the diesel prices have dropped 40¢ at the retail pump since last Monday?
Yes.
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