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The www.FedPrimeRate.com Personal Finance Blog and Magazine

Friday, November 23, 2007

Now I Know Why The Cost of Diesel Fuel Is So High

Diesel fuel is still more expensive than gasoline, and is now consistently more expensive than even premium unleaded. This situation is exceedingly infuriating. Before fuel prices starting going crazy about 3 years ago, diesel was always cheaper than regular unleaded. Now I feel like a real sucker driving my diesel. Yes, my car still gets great mileage, and it's still a very reliable engine. But the high cost of diesel just doesn't make sense. Why should it be more expensive than premium gas?

Well, I did some research, and now I understand why. It simply a matter of price gouging. The oil companies are charging more for diesel because they can. They are charging more because they know that the folks who depend on diesel fuel, i.e. farmers and truck drivers, have no choice but to pay up. This situation really stinks, because the oil companies are gouging people who really don't deserve to be gouged. They should be gouging the millionaires and billionaires who own fleets of gas-guzzling sports cars and sport-utility vehicle, and only fill up with super premium gas.

So here's my message to the oil companies: what goes around, comes around. Your greed is messing up my budget, and I'm very mad about it. We diesel drivers will get even eventually.

Here's a recent snapshot from a station in my area:

A snapshot from a gas station in my area

PS: who buys middle-grade gasoline anyway?

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