Pages: 1

 

2008-07-04 19:33:10
Ayumiz
J-10 whore
+103|7155|Singapore
Diesel just went up here and it crossed the 2 dollar mark. Last year, it was less than a dollar. With the weak USD, the oil prices go up?
2008-07-04 20:37:49
Spazz
Member
+7|6987
diesel is $5.10 USD were i live -.-
2008-07-04 20:40:23
S.Lythberg
Mastermind
+429|6868|Chicago, IL
we have little control over the price, but oil speculators do, many of whom are american
2008-07-04 20:53:54
Burwhale
Save the BlobFish!
+136|6644|Brisneyland
Speaking specifically about the price of diesel:

Price has increased for a number of reasons:
1.Among these are Increase in oil price. ( obviously)
2. Massive increase in diesel demand in Asia.
3. Diesel is a middle distillate ( like jet fuel and Kerosene), therefore they come from the same fraction of crude oil. As a consequence increasing demand for jet fuel decreases the amount that can be used for diesel. Demand for jet fuel is massive at the moment.

I am a diesel fan but unfortunately many sources predict that gap between petrol and diesel prices will continue to widen.

Edit: Source here is Wheels magazine .

Last edited by Burwhale the Avenger (2008-07-04 20:54:34)

2008-07-04 21:04:02
HollisHurlbut
Member
+51|6419
Short answer: no, not in the least.
2008-07-05 06:34:19
usmarine2
Banned
+233|6212|Dublin, Ohio
Sorry, cant blame americans for this one.  Go see the arabs and south americans.
2008-07-05 09:28:34
CameronPoe
Member
+2,925|6977
Basically oil-producing countries need to sell their oil in euros or yens rather than dollars. Tying your commodity into the currency of a fiscally irresponsible nation doesn't seem very wise to me. The plummeting dollar has driven a lot of speculative buying I would imagine.

Last edited by CameronPoe (2008-07-05 09:28:50)

 

Pages: 1

Board footer

Privacy Policy - © 2025 Jeff Minard