exercises in compound storytelling

Saturday, November 8, 2008

more about gas vs. diesel

Gasoline prices in Italy in the last week of MayImage by Cool Pixels via FlickrNormand Miron was kind enough to provide this link; the discussion of gas and diesel prices is in the comments:
  • Diesel demand is relatively constant, while gas demand fluctuates. This means that over the short term fuel companies can raise prices incrementally without losing business.
  • American use of diesel and gas are out of balance relative to the ratio in which they are typically produced, and as a result there's a shortage of diesel refining capacity without there being a corresponding shortage of gasoline refining capacity.
So there you go: some people blame greed, others blame (other) market forces.

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