Fuel Prices............WHY ??
Gas prices have dropped nearly a dollar in our area..........and diesel has dropped about 10 cents.........why hasn't diesel prices maintained the same decreases as gasoline? Brian
Forum Discussion
We Cant Wait wrote:
In addition to Diesel costing more in Europe, European Diesel does not have to be the Untra-Low Sulfur diesel that is mandated in the US. So selling non Ultra Low increases the oil companies profits even more because, Ultra Low Diesel has to be refined 3 times what old regular diesel does thus increasing profits EVEN more.
Uh triple refining increases COST three times which is a significant part of the reason diesel price went higher than gas and will in all likelihood stay there. Profit dollars may be higher but profit percentage relative to cost is probably the same. In other words the refiners are no better off with the higher price.
