History has it that the gasoline prices have been higher than the diesel fuel prices. But then again, this does not always hold true. During some winters, the demand for distillate heating oil increases which also raises the price of diesel fuelso much so that is becomes more expensive than gasoline.
In the United States since September 2004, the price of diesel fuel has been by and large higher than the price of gasoline all year round and this is due to numerous reasons. The worldwide steady increase of demand for diesel fuel and other distillate fuel oils has put pressure on the tight global refining capacitymore so with the strong demand of such products in China, Europe, and the United States.
The transition from low sulfur diesel (LSD) fuel to ultra-low sulfur diesel (ULSD) fuel in the United States has affected the diesel fuel production and distribution costs. This is due to the new Environmental Protection Agency (EPA) standards for diesel fuel sulfur content.
Another reason for this shift in the norm between gasoline and diesel fuel prices is that the federal excise tax on the latter is higher than the tax on gasoline.
The Primary Factors...
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