Quote:
Originally Posted by Old Tele man
...yeah, same here! I can recall it being 89.9¢ a gallon when gasoline was $1.50-$2.00 range.
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It turned the corner, after 2003-04. US fed requirements to reduce sulfur increased refinery costs & raised the retail prices. Our Euro friends still pay comparatively less for diesel than petrol, even though they are twice our US costs. Some bean counters have an alternate explanation, because of the slowed economy, decreased US driving AND more efficient gas-powered vehicles, demand and prices decreased while the truck/diesel usage is stable and prices regularly increased. The differential reflects those market dynamics.
The trending future will steadily increase prices as the majority of new car sales in Europe are still in diesel. Booming new car sales in India, China, Russia & Brazil include diesels.