Why Is Diesel More Expensive?
Friday, April 11th, 2008Gas costs around $3.25 in the Twin Cities which is about a dime shy of the record, but it’s nothing compared to the price of diesel. So why is diesel so pumped up?
It’s hard to complain about filling up a 20-gallon tank after watching Randy pump 170 gallons into his truck at $4.05 a pop.
“I’m paying almost $700 for a tank of fuel. I was glad to fill up for $350 a year ago,” said Randy.
Diesel used to be cheaper than regular unleaded. Now, it can be almost a dollar more a gallon.
David Morris is the vice president of the Institute for Local Self-Reliance, and an expert on energy said diesel prices are soaring.
“Diesel is what gets the goods to market; diesel is what runs the factories. Gasoline gets us to the store work. But basically the economy runs on diesel in the United States,” said Morris.
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