Diesel Dilemma

Dec 2, 2014

Diesel prices are nearly a dollar more expensive than gasoline

  Drivers of diesel-powered vehicles may be wondering why they aren't enjoying the same low prices as those who fill up with gasoline. 

Iowa Department of Agriculture Energy Analyst Harold Hommes says diesel users switch over to a different grade of fuel in the colder months and that's reducing inventories. He says he does expect diesel to eventually fall below $3 a gallon, "I'm hoping to see at least that number and I think we'll see a narrowing of that 20 to 40 cent spread between gasoline and diesel, but time will tell."

Hommes says two refineries that were recently off line are now back in service so that should also increase supplies. The average price for diesel in Iowa is $3.85 with gas at $2.72.