This indicates two things.
1. The European economy is slowing down. We export millions of
gallons of diesel to Europe,
2. The US economy is slowing down. Less demand for product = Less
OTR trucks = less diesel consumption,
Enjoy the low prices, the economy is getting ready to collapse.
There was an article in the WSJ a coupla days ago about gasoline and
diesel inventories, and diesel is way high due to it being a byproduct
of gasoline refining, and gasoline is being refined at a high rate,
apparently due to some refineries having recently come on line in the
Middle East.
Andrew writes:
US ULSD stocks rose to a record high for the fourth straight week, as East
Coast stocks also hit a record for the fifth straight week, according to
Energy Information Administration data released Wednesday.
This indicates two things.
1. The European economy is slowing down.
@okiebenz.com
To: Mercedes Discussion List mercedes@okiebenz.com
Cc: Rick Knoble rickkno...@hotmail.com
Sent: Thursday, July 30, 2015 9:40 AM
Subject: Re: [MBZ] Why diesel prices are plummeting
Andrew writes:
US ULSD stocks rose to a record high for the fourth straight week, as East
Coast
Yep
Sent from my iPhone
On Jul 30, 2015, at 8:40 AM, Rick Knoble via Mercedes mercedes@okiebenz.com
wrote:
Andrew writes:
US ULSD stocks rose to a record high for the fourth straight week, as East
Coast stocks also hit a record for the fifth straight week, according to
Energy
What no one has mentioned is that diesel and fuel oil comprise demand for
the same product. In summer there is no demand to heat homes so diesel
pirces MUST fall, in addition to everything else.
On Thu, Jul 30, 2015 at 10:01 AM, Curly McLain via Mercedes
mercedes@okiebenz.com wrote:
This
mercedes@okiebenz.com
Cc: Andrew Strasfogel astrasfo...@gmail.com
Sent: Thursday, July 30, 2015 11:02 AM
Subject: Re: [MBZ] Why diesel prices are plummeting
What no one has mentioned is that diesel and fuel oil comprise demand for
the same product. In summer there is no demand to heat homes so
than
the Atlantic...
-Curt
From: Andrew Strasfogel via Mercedes mercedes@okiebenz.com
To: Mercedes Discussion List mercedes@okiebenz.com
Cc: Andrew Strasfogel astrasfo...@gmail.com
Sent: Thursday, July 30, 2015 11:02 AM
Subject: Re: [MBZ] Why diesel prices are plummeting
What no one
] Why diesel prices are plummeting
What no one has mentioned is that diesel and fuel oil comprise demand
for
the same product. In summer there is no demand to heat homes so diesel
pirces MUST fall, in addition to everything else.
On Thu, Jul 30, 2015 at 10:01 AM, Curly McLain via
astrasfo...@gmail.com
Sent: Thursday, July 30, 2015 11:02 AM
Subject: Re: [MBZ] Why diesel prices are plummeting
What no one has mentioned is that diesel and fuel oil comprise demand for
the same product. In summer there is no demand to heat homes so diesel
pirces MUST fall, in addition
10 matches
Mail list logo
