Diesel Loses Premium to Gas as Jetta Autos Appreciate

Volkswagen Jetta TDI (Diesel)

Feb. 23 (Bloomberg) -- Diesel, which has traded consistently above gasoline in the U.S. since July 2007, will sell at a discount by April as a global recession saps demand for the world’s most-consumed transport fuel and inventories rise. “By April, gasoline is going to cost more,” said Andrew Reed, an Energy Security Analysis Inc. oil expert in Boston. “Once we get past heating oil season, it’s all up to diesel demand” to set distillate prices, he said. “The real weakness is going to be exposed.” - Bloomberg.com