– It’s about distillate stocks, including diesel, which have fallen sharply, says Peter Slingstadli to Nettavisen on Tuesday morning this week.
-This often takes time
Diesel demand has recently been higher than expected.
– Of course, refineries will adapt a little to demand, and this often takes time. One is also vulnerable to capacity and maintenance programmes, the analysis head says.
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The head of the analysis department points out that the decline in oil prices in August and September brought the rise under control.
– But with the recent rise in oil prices, diesel prices have also risen sharply, also because distillate inventories fell sharply in August, he points out.
– Painful for those who still drive diesel cars
Gunnar S. Eskeland is Professor of Social Economics at the Norwegian School of Economics.
He points out that the rise in diesel prices primarily affects the business world that depends on diesel-powered vehicles.
– This will be painful for those who still drive diesel cars. But it primarily affects Norwegian industry. It is this kind of imbalance that will hit us halfway, Eskeland tells Netavicin:
– We have not yet figured out how to make heavy vehicles emission-free. This mission remains relevant, because we rely heavily on traffic, which is also one of the largest sources of emissions in Norway today.
– It will be reflected in the prices
– What is the relationship between the price of gasoline and the price of diesel now?
The gap between diesel and gasoline is higher than usual in favor of diesel, but the price of gasoline has also risen recently. We’ve also seen significant skews in favor of diesel over the past year, but distillate stocks are also low relative to gasoline, Slingstadley says Tuesday morning.
Eskeland confirms that the price gap between diesel and gasoline was as expected. With oil becoming scarce globally, it is natural that prices will continue to rise for some time to come.
This will of course be reflected in prices and affect consumers to some extent. The positive thing is that fewer of us are affected by higher gasoline and diesel prices, with an increasing proportion of electric vehicles, says Eskeland.
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