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Diesel prices hit highest level in more than four years, says EIA

Logistics Management -- Diesel prices hit their highest level in more than four years this week, according to the Department of Energy’s Energy Information Administration (EIA).

The average price per gallon of diesel increased 5.6 cents to $4.15 per gallon. This is the highest price since the week of August 18, 2008, when prices were $4.207 per gallon. And it marks the second straight weeks prices have gone up—following last week’s 1.5 cent gain—which was preceded by two weeks of declines.

Prior to that diesel prices were up for 11 consecutive weeks through the week of September 17, during which time prices rose a cumulative 48.7 cents. On an annual basis, prices are up 34.9 cents.

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Submitted Oct 18, 2012 By: doeslayersr

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honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Oct 22, 2012 5:00:44 AM Ignore honda0105 Report Abuse VH: the mandate to change the diesel to ULSD came from the Bush administration. That's when diesel started to hike up.
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Oct 22, 2012 5:00:01 AM Ignore honda0105 Report Abuse we all pay for high diesel.
alterman156 Champion Author New York Posts:7,490 Points:1,557,750 Joined:Dec 2008	Message Posted: Oct 19, 2012 6:43:58 PM Ignore alterman156 Report Abuse Bad for truckers.
Van_Halen Champion Author Atlanta Posts:2,850 Points:641,980 Joined:Apr 2011	Message Posted: Oct 19, 2012 6:14:43 PM Ignore Van_Halen Report Abuse . Thanks to Obama and the Dumbocrats!
doctorindyj Champion Author Santa Fe Posts:3,453 Points:839,810 Joined:Nov 2009	Message Posted: Oct 19, 2012 9:15:54 AM Ignore doctorindyj Report Abuse The EIA is a useless bureaucracy trying to justify its continued existence. I could get the same information driving past a gas station.
52MPG Champion Author Dayton Posts:7,267 Points:1,742,680 Joined:Apr 2006	Message Posted: Oct 19, 2012 3:53:22 AM Ignore 52MPG Report Abuse $4.15 in Dayton Ohio.
jrsva Champion Author Virginia Posts:9,857 Points:1,613,225 Joined:Jan 2006	Message Posted: Oct 18, 2012 11:24:05 PM Ignore jrsva Report Abuse “Diesel should be lower in cost than gasoline since it requiress [sic] less processing.” Modern diesel fuel is not the same as your father’s fuel. Modern diesel is highly refined and has a very low sulfur content. Air pollution from diesel engines is much less than it was a generation ago. Progress has its price, in this case higher fuel cost.
jrsva Champion Author Virginia Posts:9,857 Points:1,613,225 Joined:Jan 2006	Message Posted: Oct 18, 2012 11:07:34 PM Ignore jrsva Report Abuse “. . . the firewood was not covered over before the wet Sept & Oct up here . . . .” Off topic but what the heck. About 25 years ago we built a woodshed with two bays, 6 cords each. We use from the east bay one year and from the west bay the next year, then fill each again during the summer after it was used. Thus we always have wood that has been in the dry for over a year. It makes winter so much easier to deal with.
1fulltank Champion Author Buffalo Posts:7,908 Points:1,545,285 Joined:Nov 2008	Message Posted: Oct 18, 2012 11:07:08 PM Ignore 1fulltank Report Abuse Since everything is delivered by (diesel) truck, watch for prices of things to follow suit.
rahcat Champion Author Grand Rapids Posts:2,473 Points:663,175 Joined:Jan 2010	Message Posted: Oct 18, 2012 11:06:54 PM Ignore rahcat Report Abuse Glad I don't use diesel.
Aviator_Rob Champion Author New York Posts:3,800 Points:414,090 Joined:Mar 2012	Message Posted: Oct 18, 2012 11:01:27 PM Ignore Aviator_Rob Report Abuse @TornadoRed explained the high cost of diesel perfectly.
Aviator_Rob Champion Author New York Posts:3,800 Points:414,090 Joined:Mar 2012	Message Posted: Oct 18, 2012 10:58:35 PM Ignore Aviator_Rob Report Abuse Diesel may require less processing, @DEG, but there's a limited amount that can be refined from crude. If you want more diesel, you need to refine more barrels of crude and hence the higher cost.
suicyco16 All-Star Author Phoenix Posts:576 Points:287,625 Joined:Jun 2012	Message Posted: Oct 18, 2012 10:57:29 PM Ignore suicyco16 Report Abuse Why so high?
bginsj Champion Author San Jose Posts:1,873 Points:1,235,610 Joined:May 2009	Message Posted: Oct 18, 2012 10:56:17 PM Ignore bginsj Report Abuse but its a by product of gasoline production
TornadoRed Champion Author Minnesota Posts:1,836 Points:711,420 Joined:Apr 2005	Message Posted: Oct 18, 2012 10:56:03 PM Ignore TornadoRed Report Abuse BLWong: Geee I remember way back when diesel was cheaper than gas" I remember that diesel was cheaper than gas just a few months ago, at many if not most stations in the Upper Midwest.
EvPv Champion Author Maine Posts:1,038 Points:265,700 Joined:Feb 2011	Message Posted: Oct 18, 2012 10:56:01 PM Ignore EvPv Report Abuse damn. Heating oil is up but the firewood was not covered over before the wet Sept & Oct up here in Maine. Going to be an expensive winter for the first time in years. Lesson learned to get next years wood cut and split over this winter. Hoping the snow does not get above 2 feet deep in the woods.
DEG Champion Author Las Vegas Posts:17,625 Points:3,495,680 Joined:Jul 2003	Message Posted: Oct 18, 2012 10:55:56 PM Ignore DEG Report Abuse Diesel should be lower in cost than gasoline since it requiress less processing.
vibdata Champion Author Massachusetts Posts:4,090 Points:849,300 Joined:Nov 2005	Message Posted: Oct 18, 2012 10:53:42 PM Ignore vibdata Report Abuse The price of diesel has been at insane levels for over 5 years. It was cheap, being a by-product. But...some cars went diesel and just to spite them, BIG OIL made the prices soar overnight. And then. They never went down.
TopGunn Champion Author Baltimore Posts:9,186 Points:2,616,280 Joined:Aug 2004	Message Posted: Oct 18, 2012 10:53:14 PM Ignore TopGunn Report Abuse More rubbish from EIA. Check the street.
Aviator_Rob Champion Author New York Posts:3,800 Points:414,090 Joined:Mar 2012	Message Posted: Oct 18, 2012 10:50:19 PM Ignore Aviator_Rob Report Abuse If you want to know why diesel is so expensive, understand that Big Oil exports diesel out of this country and over to Europe where it is used by the majority of cars on the road. It's in high demand over there and commands a high price. However it's not taxed as heavily as gasoline so that just means bigger profits for Big Oil.
69Bonne Champion Author Gary Posts:1,155 Points:474,125 Joined:Sep 2005	Message Posted: Oct 18, 2012 10:49:36 PM Ignore 69Bonne Report Abuse That's not good. Another reason for trucking firms to raise prices and then our food prices go up even more.
Vitobug Champion Author El Paso Posts:1,955 Points:640,685 Joined:May 2011	Message Posted: Oct 18, 2012 10:49:16 PM Ignore Vitobug Report Abuse ok
Aviator_Rob Champion Author New York Posts:3,800 Points:414,090 Joined:Mar 2012	Message Posted: Oct 18, 2012 10:47:34 PM Ignore Aviator_Rob Report Abuse High diesel prices give freight companies one more reason to switch their fleets to run on CNG.
TJC47 Champion Author Indianapolis Posts:6,207 Points:1,142,835 Joined:May 2008	Message Posted: Oct 18, 2012 10:47:22 PM Ignore TJC47 Report Abuse Demand is higher or have they switched to winter fuel early?
Is246 Champion Author Albuquerque Posts:1,014 Points:427,610 Joined:Apr 2011	Message Posted: Oct 18, 2012 10:44:36 PM Ignore Is246 Report Abuse not good.
THX138 Champion Author San Francisco Posts:2,560 Points:1,014,905 Joined:Apr 2010	Message Posted: Oct 18, 2012 10:43:04 PM Ignore THX138 Report Abuse K
PizzaMon Champion Author Philadelphia Posts:5,134 Points:1,863,280 Joined:Jun 2006	Message Posted: Oct 18, 2012 10:38:53 PM Ignore PizzaMon Report Abuse Never been a good economic indicator.
farn1958 All-Star Author Twin Cities Posts:886 Points:183,385 Joined:Feb 2011	Message Posted: Oct 18, 2012 10:38:07 PM Ignore farn1958 Report Abuse no really?
dulberg Sophomore Author Long Island Posts:242 Points:265,480 Joined:Nov 2007	Message Posted: Oct 18, 2012 10:36:38 PM Ignore dulberg Report Abuse k
CCLighthouse Champion Author Hartford Posts:1,008 Points:214,005 Joined:Aug 2012	Message Posted: Oct 18, 2012 10:35:44 PM Ignore CCLighthouse Report Abuse I remember when Diesel was cheaper also. You don't have to wonder why we are paying a lot more for groceries and other things that are transported by tractor trailers $$$$$$$$$$. : (
Taurus1 Champion Author Ohio Posts:3,130 Points:1,674,475 Joined:Apr 2006	Message Posted: Oct 18, 2012 10:35:39 PM Ignore Taurus1 Report Abuse wouldn't want to be using diesel right now.
Jeeputtputt Champion Author Ohio Posts:3,002 Points:677,465 Joined:Aug 2009	Message Posted: Oct 18, 2012 10:35:19 PM Ignore Jeeputtputt Report Abuse NO reason for this!!!!!!!
clermont40miles Champion Author Cincinnati Posts:10,576 Points:1,772,940 Joined:Apr 2008	Message Posted: Oct 18, 2012 10:35:04 PM Ignore clermont40miles Report Abuse Locally diesel has spiked from 3.87 to 4.15. Lowest price is at 3.99. No good reason for the spike. That is not new. The casino (market) does what it wants without reason.
mstearno Champion Author Dayton Posts:8,071 Points:1,732,210 Joined:Jan 2008	Message Posted: Oct 18, 2012 10:31:54 PM Ignore mstearno Report Abuse energy dept is a joke
easyfreeHDTV Rookie Author San Diego Posts:22 Points:352,665 Joined:Mar 2012	Message Posted: Oct 18, 2012 10:31:13 PM Ignore easyfreeHDTV Report Abuse It's $4.39 in Southern CA, which is still cheaper than regular unleaded.
bonzoonfmb Champion Author Florida Posts:1,787 Points:645,260 Joined:Feb 2010	Message Posted: Oct 18, 2012 10:30:58 PM Ignore bonzoonfmb Report Abuse Too much regulation and taxes.
BLWong Veteran Author Las Vegas Posts:436 Points:183,940 Joined:Mar 2012	Message Posted: Oct 18, 2012 10:29:32 PM Ignore BLWong Report Abuse Geee I remember way back when diesel was cheaper than gas
TornadoRed Champion Author Minnesota Posts:1,836 Points:711,420 Joined:Apr 2005	Message Posted: Oct 18, 2012 10:27:42 PM Ignore TornadoRed Report Abuse The seasonal pattern is in effect, though it may have started a few weeks later this year than the average.
Nicoalbum Champion Author Ottawa Posts:6,021 Points:1,189,025 Joined:Jan 2010	Message Posted: Oct 18, 2012 10:26:13 PM Ignore Nicoalbum Report Abuse There is no seasonal decline
TornadoRed Champion Author Minnesota Posts:1,836 Points:711,420 Joined:Apr 2005	Message Posted: Oct 18, 2012 10:25:11 PM Ignore TornadoRed Report Abuse wayoung56 posted: "Makes no sense, diesel is easier to produce than gasoline on many levels..." That is not true. It might have been, back when it was okay to sell diesel with 2000 parts per million of sulfur. But now the maximum limit is 15 ppm of sulfur, so the refining process is much more complicated (and expensive). Besides, the price of something is not based on the cost of production, but on the point where supply and demand are in balance. At each refinery, the amount of gasoline and diesel produced from each barrel of crude is a fixed ratio, within a very narrow range. So, to get more gasoline, they have to produce more diesel and other distillates, and vice versa. At this time of year, when demand for gasoline is down, refiners do not like to produce surplus gasoline that they cannot sell and which it costs them to store. So the result may be a relative shortage of diesel, heating oil, jet fuel and other distillates. Remember that gasoline and distillate prices tend to vary seasonally as well, with distillate prices going higher in the fall and early winter, and gasoline prices going higher in the spring and early summer.
dcjauburn Champion Author Sacramento Posts:12,456 Points:2,240,565 Joined:May 2005	Message Posted: Oct 18, 2012 10:23:58 PM Ignore dcjauburn Report Abuse You will see increased prices for all goods due to the increase cost of moving the goods to market.
CPGas1815 Champion Author Michigan Posts:6,027 Points:1,099,605 Joined:Apr 2008	Message Posted: Oct 18, 2012 10:23:46 PM Ignore CPGas1815 Report Abuse Diesel prices have been outrageous for months on end.
Bubba44612 Champion Author Ohio Posts:7,396 Points:1,877,080 Joined:Aug 2005	Message Posted: Oct 18, 2012 10:18:03 PM Ignore Bubba44612 Report Abuse For no reason except for greed.
southrob Champion Author Tucson Posts:3,600 Points:688,175 Joined:Mar 2011	Message Posted: Oct 18, 2012 10:16:39 PM Ignore southrob Report Abuse thanks pres
jkpsr Champion Author New Jersey Posts:4,084 Points:1,102,880 Joined:Jun 2005	Message Posted: Oct 18, 2012 10:14:13 PM Ignore jkpsr Report Abuse The supply had diminished just when the need for similar heating oil skyrockets.
serrog Champion Author Nova Scotia Posts:5,569 Points:1,513,105 Joined:Oct 2008	Message Posted: Oct 18, 2012 10:10:41 PM Ignore serrog Report Abuse bad news
abcdMA Champion Author Worcester Posts:7,927 Points:1,575,955 Joined:Nov 2008	Message Posted: Oct 18, 2012 10:05:39 PM Ignore abcdMA Report Abuse and this will start hyperinflation
MINIWINI598 Champion Author Washington Posts:3,017 Points:518,700 Joined:Dec 2011	Message Posted: Oct 18, 2012 10:04:54 PM Ignore MINIWINI598 Report Abuse Ouch!
tutaw Champion Author Kentucky Posts:3,600 Points:842,745 Joined:Sep 2008	Message Posted: Oct 18, 2012 10:02:56 PM Ignore tutaw Report Abuse not good
Barfood Champion Author St. Louis Posts:3,301 Points:1,017,680 Joined:Jun 2009	Message Posted: Oct 18, 2012 10:02:32 PM Ignore Barfood Report Abuse Europe uses a lot of diesel and sells off their excess gasoline...so their is more worldwide demand of diesel.