SHeating oil prices on both sides of the Atlantic and in Asia (not shown) exceeded gasoline prices through late summer.
	SThe provocative question is whether the unusual gasoline/distillate price situation in 2005 stems from a temporary situation or is the beginning of a more fundamental shift in the relative pricing of these primary light refined products.
	SWe have all been watching the growth in diesel demand, and at some point, price for diesel will have to rise relative to gasoline to produce the incentives needed to shift refinery investment towards more distillate production.  Is this the beginning of that situation?
	SThe underlying question about the fundamental nature of that imbalance is still unresolved, but this year has provided an example of what to watch as we move ahead, and it does dampen the attractiveness of diesel light-duty-vehicles somewhat.  Still, in a world with high fuel costs, the potential high fuel efficiency and high performance characteristics of diesel-fueled light-duty vehicles should be attractive to consumers.