|SIn summary, I don’t see U.S. growth in
diesel-fueled light-duty vehicles having a large impact on the refined
product slate during the next 10 years.
Further down the road may be another story, but refiners should be
able to see it coming well in advance.
|SSince the U.S. is starting from a very small
base, it simply takes time for enough vehicles to get into the fleet to make
a big difference.
|SNote also, that I don’t see the petroleum
industry creating yet another diesel fuel type for the distribution system
any time soon.
|SWith these assumptions, I don’t believe the
increased need for diesel fuel from potential light-duty vehicle sales will
become a major constraint for diesel-fueled light duty vehicle growth – at
least during the next 10 years.