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February 20th, 2012 at 3:50 pm
A big part of our domestic fuel cost issue is boutique fuel production within the US. For example only a small portion of domestic refining is set aside for diesel production. In fact a lot of diesel is imported product.
If there were a national standard production for the three unleaded grades of gasoline (all 50 States adopt California's unleaded gas refining standrds for example) it would go a long way to bringing retial pump prices down. Instead of every state in the Union making a myriad of different grades of unleaded on a regional basis. One grade of premium, one grade of 88-89 octane and one grade of low octane, across the country. Refining costs would drop at the retail level…economies of scale. Each region refining a different grade of unleaded, California throwing in the strictest emission standards in the country. creates what the industry calls boutique fuel production. That translates into 'we can charge a lot more and get away with it'. if we standardized the unleaded fuel product nationwide we could free up a lot more refinery production for deisel refinement. That would also bring the cost of deisel down.
And with one of the largest supplies of natural gas in the world (North America) why aren't we following Qatar's example? build refineries that convert natural gas into clean burning deisel. Yes expensive initially to build….but look waht not building refineries for the last 30 years has done to production and retail. Penny wise pound foolsih.
http://www.nytimes.com/2010/12/24/business/energy-environment/24fuel.html