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Thing is, most people in the States still have day jobs that they commute to. Demand for gas hasn't really gone anywhere. Meanwhile, for the first time in... F
by ExxEmmEff 11y ago
Thing is, most people in the States still have day jobs that they commute to. Demand for gas hasn't really gone anywhere.
Meanwhile, for the first time in... Forever, diesel is cheaper then gasoline. [1]
[1] http://www.eia.gov/dnav/pet/pet_pri_gnd_dcus_nus_a.htm http://www.eia.gov/dnav/pet/pet_pri_gnd_dcus_nus_a.htm
- douche 11y agoFor a long time, diesel was cheaper than gasoline. It's only been the last 10-15 years that diesel has been more expensive.
- dingaling 11y agoIndeed, here's a breifing paper for the UK House of Commons that discusses the price relationships: http://www.parliament.uk/briefing-papers/SN04712.pdf http://www.parliament.uk/briefing-papers/SN04712.pdf Basically demand is the driver of prices, with diesel engines becoming more popular year-on-year but the refineries unable / unwilling to commit more production to diesel because that leaves them with a surplus of less-desirable products from the refining process, too. The result is that the UK imports diesel and exports petrol.