Sunday, January 24, 2016

Diesel, At Least In North Dakota, Really Is Inexpensive -- It Helps That There Is No Manadatory Ethanol Additive To Diesel -- January 24, 2016

Earlier I posted a note about diesel demand in the US. Don sent me a nice graphic of the prices paid for gasoline and diesel this past year:

There are many explanations for this but the bottom line is that the price of gasoline has not changed much this past year, but the price of diesel has dropped considerably -- almost a dollar a gallon -- this past year.

If the font is too small to read, the link is here.

One wonders how much mandatory ethanol additives are keeping the price of gasoline higher than it otherwise would be. Also, in the past year, the diesel topping refinery west of Dickinson has come on-line.

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