Sentences with phrase «global price of diesel»

Either way, the global price of diesel would soar still further.

Not exact matches

High demand for diesel and home heating fuel in particular means refineries are willing to pay more for crude oil, said Tom Kloza, global head of energy analysis at Oil Price Information Service.

Europe, where nearly 50 per cent of vehicles are fuelled by diesel, is home to the global benchmark for diesel prices and the biggest storage hub for the road fuel as regional refineries are unable to meet local demand.

(12) the establishment of such a vehicle fleet and distribution system would provide a large market that would mobilize private resources to substantially advance the technology and expand the production of alcohol fuels in the United States and abroad; (13) the United States has an urgent national security interest to develop alcohol fuels technology, production, and distribution systems as rapidly as possible; (14) new cars sold in the United States that are equipped with an internal combustion engine should allow for fuel competition by being flexible fuel vehicles, and new diesel cars should be capable of operating on biodiesel; and (15) such an open fuel standard would help to protect the United States economy from high and volatile oil prices and from the threats caused by global instability, terrorism, and natural disaster.

«Global demand increases are probably the major part of the explanation for the large increases in the prices of copper, aluminum and diesel fuel,» says Simonson.