World diesel prices creep back up; Canada slower to react

[24KT]

World diesel prices creep back up; Canada slower to react

WASHINGTON -- It was nice while it lasted, eh? After nearly six months of relief North American diesel prices are starting to climb -- albeit slowly.

After falling nearly every week since they peaked last July, diesel prices in the U.S. this week took a hike back upward, with the national average price of a gallon jumping 7.3 cents to $2.09.

Prices rose in every region except New England, which had the highest price at $2.403 and remained unchanged. The lowest prices were seen in the Rocky Mountain region at $2.036. The biggest jump in price was seen in the Gulf Coast region, where the average price was up 8.7 cents per gallon to $2.060. All regions saw the average price rise back up to over the $2-a-gallon mark.

In Canada, prices have been more stable. In fact, the national average is five to seven cents lower than the beginning of February, hovering just over 80 cents a liter this week. Remote regions in Quebec, Atlantic Canada and Newfoundland can sell diesel has high as 92 cents and can be as low as 70 cents a liter in Edmonton.

Meanwhile, worldwide crude oil prices have been creeping back up as well. Oil prices rose $1.73 to finish the day at $53.80 a barrel Monday on the New York Mercantile Exchange, after briefly topping $54 a barrel during the day's trading.

Last Friday, oil ended the week above $50 for the first time this year.

The good news? Optimists suggest that perhaps rising energy prices are a sign of a slowly recovering global economy.

[Hedgehog]

There needs to be a big tax on gas. That way more efficient engines will be built.
The tax should be redistributed to buyers of electric cars, hybrids and people living in areas where a car is a necessity.

[24KT]

There needs to be a big tax on gas. That way more efficient engines will be built.
The tax should be redistributed to buyers of electric cars, hybrids and people living in areas where a car is a necessity.

The problem is larger taxes don't lead to more fuel efficient engines, ...only legislative mandates.

Since when have you known a government, ...any government to give money it has collected back to the people

Before you jump in joker... except Ralph Klein and his prosperity bucks ...he's a Canadian exception. 

[Hedgehog]

The problem is larger taxes don't lead to more fuel efficient engines

why then are efficient cars produced in countries with high tax on gas?
Norway - immensly rich from the oil - have high taxes on gas AND two electric car manufacturers.

[Nordic Superman]

why then are efficient cars produced in countries with high tax on gas?
Norway - immensly rich from the oil - have high taxes on gas AND two electric car manufacturers.

Are you not mistaking an exception to the rule as the rule?

Please give more examples.

[24KT]

why then are efficient cars produced in countries with high tax on gas?
Norway - immensly rich from the oil - have high taxes on gas AND two electric car manufacturers.

Because you're talking about European countries, where citizens, politicians, and decisions makers are generally notoriously more intelligent than their North American counterparts, ...especially when it comes to the environment.

[Nordic Superman]

Because you're talking about European countries, where citizens, politicians, and decisions makers are generally notoriously more intelligent than their North American counterparts, ...especially when it comes to the environment.

Fallacy.

I can give you a counter example of European politicians for any American one you can find.

[24KT]

Fallacy.

I can give you a counter example of European politicians for any American one you can find.

If you can find a bigger fvck up than Bush, ....my hat is off to ya. 

[Nordic Superman]

Silvio Berlusconi is quite the clown, and Bliar and Brown are both up there.

[Soul Crusher]

why then are efficient cars produced in countries with high tax on gas?
Norway - immensly rich from the oil - have high taxes on gas AND two electric car manufacturers.

We do not have the capacity to power up millions of vehicles via electricity.  Additionally, the technology sucks in comparison to what gasoline can deliver both efficiency and power wise.

[24KT]

Silvio Berlusconi is quite the clown, and Bliar and Brown are both up there.

Close, ...but no cigar. 

[Fury]

We do not have the capacity to power up millions of vehicles via electricity.  Additionally, the technology sucks in comparison to what gasoline can deliver both efficiency and power wise.

We should optimize the use of gas caps!

[Hereford]

The government will never facilitate the development and deployment of truely fuel efficient power plants.

Consider how much revenue the federal and state governments get off of fuel taxes. Do you think they will advocate for a situation where they would be getting less $?

[24KT]

We should optimize the use of gas caps!

Now we're talking! 

[Cap]

Because you're talking about European countries, where citizens, politicians, and decisions makers are generally notoriously more intelligent than their North American counterparts, ...especially when it comes to the environment.

One thing you are right about, kinda.  I think we should follow France with nuke power for businesses and other things and then we can drive whatever the hell we want.  We have come a long way since 3 mile island and apparently nuclear power has worked well in Europe.  If Barry wants to make clean energy a reality and not just a bottomless pit of money to appease the hippies....(sigh, lowers head) the he should follow France's lead.