I've previously stated that diesel fuel prices would continue to increase, but one politician recently stated that he could reduce gasoline prices to $2.50 per gallon. Diesel fuel prices are high, and they should continue to increase, barring a worldwide recession, for at least four reasons: 1. The U.S. isn't dominant anymore. 2. Worldwide demand for diesel is increasing. 3. Worldwide demand for gasoline is decreasing. 4. New crude oil reserves cost more to exploit. With the astronomical growth of China and India, their increasing demand for fuel has more influence on worldwide pricing than the decreasing U.S. demand.
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