Here is a drastic example. Mississippi exit 69 on I-10, $3.69 at the Truck Stop. Driving just 4 miles into town I could fuel up at a regular station for $3.39. But then it was just 40 ¢ difference between gasoline and diesel fuel. Recently the gasoline price dropped by as much as 40% here in the US while diesel fuel dropped only 5%. The price difference is now $1.20. Why? Nobody has an truthful answer. Perhaps it is just greed. I read that the US is exporting 30% of its ULSD production to Europe.
Source: The Dallas Morning News, G.J. McCarthy/Staff Photographer
Nothing to add.Oklahoman Published: December 8, 2014
With the dramatic drop in oil prices, and the commensurate drop in gasoline prices, why are we not seeing a similar drop in diesel fuel prices? The market is generally thought to reflect on supply and demand to establish prices. I have yet to see or hear of anywhere in the United States that has a shortage of diesel fuel, even considering that there is apparently an appreciable amount provided to European countries where diesel is the primary fuel. In Oklahoma, the tax on diesel fuel is 3 cents less than gasoline but statistically, the margins are considerably better on diesel sales than on gasoline. The truth is that lower gasoline prices help the consumer but diesel fuel prices contribute heavily to consumer prices for goods and services.
Capitalism is the engine that made the United States the richest nation in history. If practiced fairly today, it still works magnificently. But when all levels of government are squeezing all they can from us and some capitalists are doing likewise, it becomes apparent why many people in this country are discouraged and disenchanted. Fundamental decency and fairness, which helped shape our nation, seems to be disappearing just like the “Greatest Generation.” What a shame! What a loss!