Re: New Tow Truck?
I'm saying that the if we increase our demand for diesel, we may increase our demand for crude because the it will take more crude to produce the same Btu's of diesel when compared to gasoline. The increase in demand for crude would drive the prices of everything up. I don't have any sources or anything, it's just some thing I've been thinking about.
Some statistics I have found...
A barrel of crude produces:
19.4 gallons of gasoline.
9.7 gallons of light distillate oils including heating oil and diesel #2.
4.3 gallons of kerosene
1.9 gallons of residual fuel oil (HFO)
1.9 gallons of liquified refinery gasses
some other stuff
Less than half the amount of diesel can be produced form a gallon of crude. If we were to replace all of our gas burning vehicles with diesel burning vehicles, we would double our demand for crude oil.
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