Relative price of gasoline and diesel
Relative price of gasoline and diesel
(OP)
A general question ; guesses count. In the past diesel ( aka , heater oil and furnace oil) was lower price than gasoline .In 1970 I paid near $ 0.15 / gal for home furnace oil when gasoline was $ 0.35 - I think it was $ 0.20 wholesale.no tax. Today diesel. etc is about 7% higher price than gasoline. I would have thought the relative costs would stay about the same . ( I worked for Amoco and am familiar with pipe stills, cat crackers. etc).
RE: Relative price of gasoline and diesel
Just wait- major sh*t is going to hit the fan in 2020 when lower sulphur specs come into play for ship fuel. Low sulphur bunker just doesn't exist, and diesel ($$$) is the only option. Not only that, but without bunker to dump the resid stream into, refineries will be drowning in resid...Fortunately, a client of mine has been developing a solution- a way to cheaply generate a low sulphur bunker from resid. We just hope he's on-stream in time to take advantage of the whole mess!
RE: Relative price of gasoline and diesel
. Amoco made more reformeate than others because they used a lot for polyester ( xylene > terepthalic acid ) and unleaded high octane.