Why is diesel fuel priced higher than regular gasoline, or premium gasoline?
Diesel fuel is a byproduct of the process of making gasoline and was so plentiful that the refineries even had to “discard” (burn) diesel waste. Diesel prices have soared past gasoline prices because, globally, diesel is in much greater demand than gas. More European cars, for instance, run on diesel than gasoline. And the whole world, including the United States, uses diesel to run the trucks, trains and ships that transport food, consumer goods and industrial materials and products. Demand for gas and oil is slipping domestically as the economy cools, but economies in the rest of the world — particularly China and India — continue to grow, pushing oil and diesel prices generally higher. [Last modified: Nov 03, 2010 08:44 AM] Click here for reuse options! Copyright 2008 St. Petersburg Times Click here to post a comment If you see an objectionable comment, click Report Abuse.
