As I wrote two months back would happen, the price of gasoline is catching up with diesel after a couple years of separation. A year ago, diesel would cost you 60 cents more than gasoline. But looking at the trends in pump prices over the last few days, parity should be reached by (more…)
Posts Tagged ‘diesel’
Gas price passing diesel
Wednesday, May 13th, 2009Gasoline and Diesel Move toward Parity Again
Wednesday, March 4th, 2009Remember the old days when gasoline and diesel had roughly the same price? Well, it looks like things are returning toward price parity after last year when diesel often had a premium of ~75 cents. These past few weeks, US diesel production has created ample supply levels and the price has fallen toward the rising price of gasoline. (more…)
Hurricane Ike hits oil & gas with wind and storm surge
Friday, September 12th, 2008After forecasters predicted a variety of tracks for Ike these past several days, it finally ended up taking one of the worst possible paths in terms of potential damage to oil and gas infrastructure. Not only is it hitting a large swath of offshore oil and gas rigs, but it also threatens to flood and cut off electricity for the refining center of our country. Luckily for everyone, Ike wasn’t organized enough to pull together its Category 4 potential. But the storm surge and the huge swath affected by this enormous storm make it potentially devastating nonetheless. The latest National Hurricane Center track has Ike (more…)