The gas and diesel markets are really independent of each other. There have
been spot shortages of both in the Atlanta GA area, but diesel seems to be in
tighter supply. When the gas prices first jumped up, diesel was about 30 cents
cheaper than gas. Now it's 30 cents more.
>
> From: [EMAIL PROTECTED]
> Date: 2005/10/16 Sun AM 11:20:05 EDT
> To: [EMAIL PROTECTED]
> Subject: Re: [MBZ] something fishy with this (diesel fuel prices changes)
>
>
> In a message dated 10/16/2005 12:35:24 A.M. US Mountain Standard Tim,
> [EMAIL PROTECTED] writes:
>
> Kaleb observed:
>
> "Gas went from 2.39 to 2.29 today, diesel went from 2.94 to 2.99, WTF?"
>
> There seems to be no sense to any of this...it really sucks.
>
>
>
> Kaleb, Bob, and all,
>
> I think the kicker here is futures contracts on fuel which are purchased by
> large industrial users, utilities, and of course, airlines. A futures
> contract guarantees delivery at a certain price, often inflating the price
> somewhat. When a lot of the supply is already spoken for at some fixed
> price, we
> end up paying more for what's left.
>
> If and when the supply catches up with demand, the holders of futures
> contracts will be stuck with their negotiated price, and the street price
> will come
> down. Meanwhile, there's always Costco!
>
> Regards,
>
> Jim Friesen
> Phoenix AZ
> 79 300SD, 261 K miles
> 98 ML 320, 138 K miles
>
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