02/17/2025
Fuel prices today in Elizabethton, Tennessee.
This is the lowest diesel has been in 20 years, due to increased supply and stagnant demand.
Diesel has been dropping for the past year, getting closer to gas prices,
The fact that diesel has been more expensive than gasoline for more than 20 years - often way higher - is crazy to me because diesel requires far less refining. (Taxes make the difference.)
Especially given the fact that diesel is a huge thing when it comes to the health of our economy.
Everything we touch and eat is grown, harvested, made and moved by diesel power.
From farm tractors and harvesters to diesel-electric trains, tractor-trailers and ships of all sizes.
And heating oil is a kissing cousin to diesel.
These low prices are a good sign economically.
Hope it continues. We need a break.
P.S. kudos to Rudolf Diesel (1858-1913), inventor of the compression-ignition engine named for him. Fascinating man. (See below.)