Originally Posted by Chivvalry
Due to crooked politicians taxes on diesel in the States tends to make diesel more expensive than even premium gas... wish our price ratios were more in line with the rest of the world. Of course I DON'T wish our actual prices were as we still pay a LOT less per gallon than most.
U.S. diesel drivers pay 6 cents/gallon more taxes.
U.S. demand for gasoline has declined.
U.S. cannot export crude oil.
U.S. can export refined petroleum products.
World demand for diesel is up.
Profit margin is greatest for export diesel.
Hmm, if I'm running a refinery and a good capitalist, I'm going to reconfigure my refinery to produce less gasoline, a little more ULS Diesel for U.S. consumption (less profit margin), and a lot more export Diesel/Jet fuel.