Regular gasoline priced higher than diesel
Today, in Denver, I saw something I haven't seen for a long time: gasoline more expensive than diesel fuel. Regular gasoline was $3.789 and diesel was $3.669. Has anyone seen this anywhere else?
Forum Discussion
In California the fuel tax is 5 cents higher for diesel than for gasoline. But with only two predatory refinery companys, Valero and Tesoro, in the state the price for diesel is normally higher than the price for premium gas. Like Enron the Texas oil companies love to come to California to loot and pillage.
Gasoline also requires low sulfur oil stocks which is why the US government will do anything to keep the Saudi Arabia government happy. Their "sweet" crude is cheaper to refine as it starts out with a much lower sulfur content.
Cost has little to do with the price of diesel or gasoline. A third of the amount we pay at the pumps goes to the guys trading futures at Goldman Sachs and Chase and the other speculators - and that is from the mouth of the chairman of Goldman Sachs. And has anyone noticed the record profits of the oil companies year after year after year?
When I was first starting to drive there were multiple independent refineries in California and they would be selling regular gas at $0.22 per gallon while the majors (Chevron, Shell, Union 76) were selling at $0.32 per gallon or 50% more than the independents. Now the independents are gone and we have a duopoly.
Gasoline also requires low sulfur oil stocks which is why the US government will do anything to keep the Saudi Arabia government happy. Their "sweet" crude is cheaper to refine as it starts out with a much lower sulfur content.
Cost has little to do with the price of diesel or gasoline. A third of the amount we pay at the pumps goes to the guys trading futures at Goldman Sachs and Chase and the other speculators - and that is from the mouth of the chairman of Goldman Sachs. And has anyone noticed the record profits of the oil companies year after year after year?
When I was first starting to drive there were multiple independent refineries in California and they would be selling regular gas at $0.22 per gallon while the majors (Chevron, Shell, Union 76) were selling at $0.32 per gallon or 50% more than the independents. Now the independents are gone and we have a duopoly.
