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

cbsnews.com

51–60 of 194 posts

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

#53
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 was always under the impression that it was a less-refined fuel therefore cheaper. I was always under the impression that a big part of the difference in cost is largely due to taxes.

It is, but it isn’t because of free market economy.

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

#55
post #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.

Not in the US, but I believe there are some countries that have tried that. For a while Europe (in general - but individual countries had different policies!) had less tax on diesel because it was more energy efficient, then they realized it was more polluting (less CO2, but more NOx...) and started encouraging gasoline which they decided was overall better.

In the US diesel taxes are often different from gasoline, but polluting is generally not a factor.

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

#56

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…

Genuinely curious...the output drop in refining from Russia is not also a large factor in diesel (and other Petro) price hikes?

Or are you saying the Ukraine drone strikes have not affected the output at a scale where it matters globally?

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

#57
post #43

If oil starts ruining the financial picture on top of just the...global welfare of every living human picture, then maybe, just maybe people will actually give up their addiction.

I'd be more than willing to go electric if someone sends me the cash to get an electric, because if I could replace my diesel-guzzling 11yo I would.

Same here. Too bad they got rid of the rebates.

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

#58
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.

Would be great if either party cared about issues which affect ordinary Americans. But they're extraordinarily alienated from the population.

"both sides" is the reason we're in this shit show. It's like comparing a wart to stage 4 skin cancer.

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

#59
post #43

If oil starts ruining the financial picture on top of just the...global welfare of every living human picture, then maybe, just maybe people will actually give up their addiction.

I'd be more than willing to go electric if someone sends me the cash to get an electric, because if I could replace my diesel-guzzling 11yo I would.

I'd go electric if they were just cars and not shit android tablets with wheels stuck on them.

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

#60
post #32

It seems one way Iran fights the US asymmetrically is by harming the Federal financial picture with endlessly higher rates + borrowing costs. If this keeps happening month-after-month, year-after-year, we're really going to feel the squeeze. Treasury has already tried to reassure markets and failed Add to this other trade war nonsense...

This would not be happening if the USA had not launched an attack on Iran This was the desired effect though, as higher oil prices means more profit for US based oil producers. I'm sure that will trickle down any time now.

Refineries in US are making even bigger profits. They even skip on maintenance running at 95% capacity non-stop.
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