There has been some conversation about retail fuel prices recently as crude oil continue to go lower -- mid $30's /barrel a couple weeks into February 2009. Price 'watchers' are seeing the gasoline diesel price spread continue to close and diesel has been seen as low as $1.99 at one station in SW Ohio.
A couple of us (@richc and @cojonesx) have been Twittering back and forth about gasoline/diesel prices this winter and a recent groups list post quoted an article from Reuters indicating that diesel prices in many parts of the world should drop below gasoline this summer.
Diesel prices in many parts of the world should drop below gasoline this summer for the first time since mid-2007 as refinery projects lift output and slumping economies slash transport and manufacturing demand. The expected shift would restore the typical balance between the two fuels, market participants around the world said. Diesel, closely related to heating oil, traditionally has been more costly in the Northern Hemisphere winter but cheaper in the summer when temperatures rise and U.S. gasoline use peaks. "I'd say there's a fairly good chance that we could see gasoline regain its price premium this summer for the first time since the summer of 2007," said Peter Beutel, analyst at Cameron Hanover in New Canaan, Connecticut.
Diesel lower than gasoline this summer?
Thanks for the additional link Ted.
http://www.purchasing.com/article/CA6638419.html
Although this is "gasoline"
LINK