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Diesel prices in U.S. top $6 a gallon for first time

cbsnews.com

21–30 of 194 posts

Re: Diesel prices in U.S. top $6 a gallon for first time

#21
post #12

In the late 90's/ early 2000 Diesel was about the same cost as regular gas and then at some point its about the same cost as premium gas. Is there any reason why Diesel costs more? I was always under the impression that it was a less-refined fuel therefore cheaper.

I thought I heard once it was because diesel might be more polluting than regular gas and thus has extra taxes on it? I could be entirely wrong though.

Re: Diesel prices in U.S. top $6 a gallon for first time

#22
post #6
post #3

Wouldn't it be lovely if either party actually cared about inflation? 24 years ago, I recall diesel being $1.25/gallon, and hamburger meat at a little local grocer for $1/pound any time they had a sale. Now, even going to Costco, their ground chuck is $6/pound.

Whether they can be credited with caring or not, one party didn't follow Netanyahu into war casually, even fecklessly.

The whataboutists will tell you Bernie would storm the front himself.

Re: Diesel prices in U.S. top $6 a gallon for first time

#23

Remember, the grandiose leader said the Iran special military operation will be over after the midterm elections. Unfortunately he meant the 2034 midterms.

Initially he said it would be over after four to five weeks. Back in March.

He also said he "will end the endless wars" and stressed there were "no new wars" under his first presidency in the 2024 campaing.

And on election night he said "I'm not going to start a war. I'm going to stop wars."

A lying politician is nothing new but he's doing it more bigly than most.

Re: Diesel prices in U.S. top $6 a gallon for first time

#27
post #12

In the late 90's/ early 2000 Diesel was about the same cost as regular gas and then at some point its about the same cost as premium gas. Is there any reason why Diesel costs more? I was always under the impression that it was a less-refined fuel therefore cheaper.

If the demand for other fuels increases, the cost of diesel can be indirectly affected.

Jet fuel and diesel fuel come from similar parts of the barrel. Refineries can largely choose what kind of fuel they produce for a given unit of input. One barrel doesn't always split into the same fractions. There is configuration involved.

Re: Diesel prices in U.S. top $6 a gallon for first time

#29
post #20
post #12

In the late 90's/ early 2000 Diesel was about the same cost as regular gas and then at some point its about the same cost as premium gas. Is there any reason why Diesel costs more? I was always under the impression that it was a less-refined fuel therefore cheaper.

Ultra-low-sulfur diesel became mandated in 2006 as the only type that was legal to sell for road use. That requires extra refining to remove the naturally-occuring sulfur from the fuel which is why the cost went up.

Isn’t that sulfur more valuable than ever now?

Re: Diesel prices in U.S. top $6 a gallon for first time

#30

The Ukraine angle is another cheap shot by CBS (state sponsored news). Prices are rising because of Trumps adventurism in the the ME and now that the Houthies will likely control the Bab el-Mandeb Strait, world markets are reacting. There is nothing stopping US refineries from producing more diesel, you can use both sweet and sour, this is speculators squeezing the markets. What a great time it should be to electrify…

> There is nothing stopping US refineries from producing more diesel

Aren't they already producing as much as they can? Which is not sufficient given that globally a significant fraction of refining capacity is offline.

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