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SUp until this year, diesel fuel prices have
been a selling point for consumers to consider diesel-fueled vehicles.
Generally distillate prices exceeded gasoline prices for only very brief
periods.
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SBut since last fall, we have seen the
unprecedented situation in which distillate prices exceeded gasoline until
late summer 2005.
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–In past years, gasoline prices have exceeded
heating oil and diesel prices, except in some fall and winter months.
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–In fall 2000, distillate inventories were low,
and distillate prices rose. The winter
proved cold, and resulted in one of the longer periods when heating oil
prices exceeded gasoline, until the fall of 2004 and this year.
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