Bkmk
So, where is the time plot of the retail Diesel to the spot oil WTI price ratio?
Price controls will solve this!
~ biden’s puppet masters
NO natural process, including business, happens as a dramatic change such as we have seen this year. Only change that is artificial by change in policy can happen this fast.
This mess is caused by the administration. Any other claim is propaganda. The refinery capacity claim has just showed up in the last few days as a blitz of statements all reading alike. Propaganda.
Much of the shortage is because we don’t need so much gasoline and diesel is a byproduct of gasoline demand. More ethanol for summer blends and less gasoline needed and less diesel byproduct.
The administration has massively upset long established business practices and policy in an upheaval over 16 months. The disaster we are living and will live for a very long time to come are unnecessary and created by this administration.
The situation we live in now is like having company when you were a kid and they took out all the toys for you to clean up. It took a lot longer to clean up the mess than to make it.
Converting to biodiesel is the problem, these plants haven’t finished their conversion. That said, all their production will likely be sent off to Europe, because used to Ukraine supply a quarter of Germany’s diesel production, via sunflower biodiesel.
To me it is a crime converting sunflower into fuel, sunflower oil is healthier than soy and corn oil.
I remember the high gas prices of the Carter mis-administration. Diesel was cheaper than gasoline. People were buying diesel pickup trucks as it was cheaper.
Now diesel is higher than gasoline. I have been told diesel is actually cheaper to make than gasoline.