Refineries are producing excessive amounts of gasoline in a bid to cope with strong demand for diesel, Reuters’ John Kemp wrote in a recent column . As a result, gasoline prices have been on the decline while diesel prices are climbing, widening the gap between the two fuels and spurring demand for alternatives to costly diesel, which should be welcome news for the environmentally conscious. While this state of affairs is likely temporary, with seasonally lower demand for gasoline also weighing on prices, it might become lengthier than the usual seasonal discrepancies between gasoline and diesel demand, and hence prices, at least in the Untied States, where the consistent growth in crude oil production, most of it light crude, has pushed gasoline output and stockpiles higher. On the other hand, high diesel prices mean good news for the proponents of alternative energy. Most of diesel demand comes from industries […]