supr

My theorey has been that if you watch Gas and fuel oil(relative of diesel) futures, you can see where prices are going. Just add .50 or $.60(tax & profit) to those prices and you are normally close to the pump price. For the last year or 3, Fuel Oil has traded $.20 or $.30 higher than gasoline, similar to what we see at the pump. I was shocked on Fiday to see Heating Oil selling for $.10-$.15 LESS than gasoline.
If my theorey is correct, we should see Diesel less than gas by $.10 within 30 days, if not sooner.
I think that because of the World Recession, demand for Diesel, jet fuel, Heating oil IS WAY DOWN. Airlines ar even having fare wars.
So, for a while, we may get back to Diesel being less than regular gas.
Who would have thouht we would EVER see those days again!
Perhaps Jesus drives a CTD.
Diesel here $1.85, gas $1.75.

D2 Cat

Diesel today $1.79, gas $1.82 for the cheap stuff at Conoco/Phillips.