west point wrote: ↑Thu Nov 14, 2024 10:59 pmSuspect that Diesel fuel is going to remain about the same for the next 4 years.
There's a good chance diesel prices will be driven down, and they're already down about 10% year over year.
There's no questioning the financial and futures markets responded positively when the election results came out last week. The dollar had one of its best weeks in ten years, and energy analysts are predicting that oil could be down in the $60 range by next year (it's currently around $70-75, and peaked in the $110-120 range about two years ago).
And that's before any increased domestic production kicks in, which just about everyone expects to go up after Trump takes office January.
Also, don't overlook that hydro at Glen Canyon and Hoover are both at risk due to continuing droughts in the upper Colorado River Basin, and both are now only about 400 ft above dead-pool levels and their hydro plants are operating at reduced output. Add in coal plants continuing to go offline, and I don't know how anyone can project electricity getting cheaper at the same pace that oil will.
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