The more refineries world wide making comparable products, the better the competition and resulting price.
I hope I'm seeing locally the leading edge of that price competitiveness.
I didn't mind too much paying a 50% premium for my diesel, as it gets about 50% better mileage than our older car of the same model. As well, I was using premium anyway, so for me, the gap was always significantly less. And it's nice to go 500 - 600 or more miles between fill-ups.
But now, the difference is less than 20% from regular to diesel, and the difference is less than 10% from premium to diesel.
It would be nice if Americans started buying lots more diesels, since, if the number of diesels expanded over a period of years to 30% or so of the private fleet, it would reduce oil usage by about 10% or so from what our usage would have been otherwise. And although by itself it wouldn't solve all our energy problems, it would be a big help.
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