Oil & Fuel Watcher Warns of Potential Spike in Diesel Prices

July 12, 2012 09:28 AM

The respected Oil Price Information Service (OPIS), Gaithersburg, MD., is warning fuel buyers diesel prices could spike during the second half of 2012 to price levels not seen since 2008. In the flash sent to subscribers of its information services it said: "The second half of 2012 could see diesel prices spike to numbers not seen since 2008, thanks to a combination of low domestic and international inventories, changing refinery crude slates, foreign demand, refinery closings, and financial fund flows."

OPIS' view is in conflict with the analysis issued Tuesday by the U.S. Energy Information Administration (EIA).

Link to the EIA's diesel fuel outlook report:


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