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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: koan who wrote (77295)4/6/2008 1:16:20 PM
From: ajtj99  Read Replies (1) of 116555
 
Diesel prices are high due to constrained US refinery capacity for diesel.

It is not something that is easy to solve. With the electric hybrid cars on the horizon and stronger emissions regulation, there is little incentive to expand diesel refinery capacity.

The refiners in Europe have a larger percentage of the capacity devoted to diesel, so they do not have the problem we have with regards to the premium diesel is commanding.
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