Diesel Costs Less to Make but Costs More at the Pump

A question I get asked is ‘If diesel fuel costs less to make then why does it cost more at the pump?’

In the article linked below, they write that since 2004, diesel has been more expensive than gasoline. But diesel is less refined. It is also reported that the USA has about 27 days of distillates in storage which is really low. Distillate is diesel and heating oil combined because they are the same fuel, just died different colors for tax purposes.
https://www.eia.gov/energyexplained/heating-oil/

If you recall on an earlier video, we learned several things have happened to cause our current diesel shortage.
https://youtube.com/shorts/vXKtmS6dz_s

The bottom line is this, the reason diesel costs more than gasoline is what we learned in High school. The simple law of economics called Supply and Demand.
https://bit.ly/3ubxrUP

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#recession #inflation #stagflation #hyperinflation #energy

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This video is meant for educational or entertainment purposes only. This video is not a solicitation. I am not a lawyer, CPA or financial advisor and I am not giving legal, financial or tax advice.