Quote:
| Originally Posted by MBevins I've read this entire thread and nobody has asked the question. " When did deisel suddenly start costing more than gasoline? |
That happened when the oil industry realized it cost less to make diesel, but the demand is far less elastic than that for gasoline as the price rises. Goods and commodities need to move, trucks and trains use diesel to move them. Whether or not people switch to smaller cars or stay closer to home, there's still a need for diesel.
The oil co's have diesel consumers over a barrel, no pun intended.