Diesel Cheaper Than Gasoline At Some Local Stations

Drivers around the Binghamton area may have noticed that gasoline prices have jumped above the cost of diesel at some stations.

As regulations were implemented requiring the sale of ultra-low sulfur diesel fuel in recent years, the price of regular gas has been significantly lower than diesel.

But that's changed lately in some parts of the United States. Patrick DeHaan, senior petroleum analyst for gasbuddy.com, said the much-warmer-than-average winter has been a factor in the price trend.

DeHaan said heating oil consumption was far lower than usual and that contributed to a "large spike" in diesel inventories.

Speaking on WNBF Radio's Binghamton Now program, DeHaan noted seasonal diesel demand differs from gasoline demand. He said the demand for diesel fuel is a bit lower in the summer than in the winter.

DeHaan said a slight rise in diesel demand isn't likely to eliminate the supply glut that currently exists.

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