Price of Diesel Coming Down

$3.59 Outside of Charleston, SC today.

$3.79 here in Yankton SD when I last filled few days back.

Paid 3.92 today along I5 in Arbuckle, ca.

Has gone from $4.049 two weeks ago to $3.849 today in NW WA.

Diesel is still 30 to 40 cents higher at home and on my current travels through Texas. I filled up at the Buc Cee's between Houston and San Antonio last Monday for $3.35/gallon with gas at $3.45. Nearly fell out of my truck. First time I have found diesel less that gas in 45,000 miles and 6 1/2 years.

Closest diesel to me is $3.85, closest gas is $3.75. For a while reg gas was more than diesel, now gas is dropping and diesel is staying put. Diesel didn't take the big jump 2 weeks ago when gas started climbing for the memorial day rush. At least here in Oregon anyway.

naturist wrote:
Not at all.

Happens almost every year.

Has to do with the way they run refineries.

For the summer vacation/driving season, people buy lots of gas, not so much heating oil. Diesel fuel is produced along with the production of heating oil, not gasoline, so the market sells gas and demand drives up the prices every summer, while heating oil languishes at the distributor and prices fall. In the winter, everybody buys more heating oil, not so much gas, so heating oil (and diesel) prices rise and gas falls.

I've been watching this phenomenon now for over a decade. And if you look up historical fuel prices, you will see this goes on every year. Some years more so than other, depends on how mild the winter was.

This is spot on. I work for an Oil and Gas (Natural Gas) company; I spend a lot of time with the fundamentals group for long range planning. The only problem with diesel is...long term the price is expected to out pace the price of oil. This also has to do with refining capacity and what products the market ultimately demands. Efficiency gains in energy usage over the past few years and the expectation that it will continue as technology gets better actually puts upward pressure on diesel. This is over a 20 year period though so please take with the biggest grain of salt in your pantry....

I have spent a lot of money on diesel for my truck in the last 3 1/2 years.:B

Well gas is 1.45 a litre here x3.78 to a us gallon=5.48 ,Diesel is 1.32 today x3.78 =4.99 us gallon, but the Sun is shining .

MARKW8 wrote:
Don't get your hopes up. That said, diesel was always cheaper. It's only been maybe 5-7 yrs since they flip-flopped.

Mark

Absolutely correct. 6 to be exact. It was about 2 months after I bought my first diesel. :S
Even so, I'll never go back to gas.