Not exact matches
«Not only is the consumer going to be paying more for their gasoline but for airline tickets... The
price of both jet
fuel and
diesel fuel continue to
rise.»
In the aftermath of Hurricane Harvey, which knocked off more than 20 percent of U.S. refinery capacity in the peak of refinery shutdowns, hedge funds are betting on a
rise in
fuel prices and have boosted their net long positions on U.S. gasoline and
diesel to highs not seen for years.
RM: Every year Conservative MPs lobby against further
rises in
fuel duty and this year the chancellor has given in once again — at a time of
rising petrol and
diesel prices.
We could cite
rising fuel prices,
diesel emissions scares, or the advance of battery technology — all of which are valid contributors — but there's something more to the story.
India has recently seen a steep
rise in the
price of petrol and this has prompted buyers to go for
diesel cars due to the lower cost of
diesel and also higher
fuel efficiency.
Some of the existing excise on petrol and
diesel could be removed to keep motor
fuel prices from
rising excessively.
Dave Juday points out that the Congressional Budget Office, created during the Nixon Administration to be a nonpartisan evaluator, is doing its job by reporting that with no changes to the renewable
fuel standard, the
price of
diesel fuel will jump by 30 to 51 cents per gallon, with E10 gasoline
prices rising 13 to 26 cents per gallon.
The Economist has crunched the numbers and found that if
diesel becomes popular in North - America, there will be supply problems and the
price of the
fuel could
rise significantly, erasing any financial benefits over gasoline.