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Oct
10

Diesel Prices Take Off

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Diesel fuel prices have risen 40 cents a gallon since October 3rd and according to Sioux Valley Coop CEO and General Manager Jerod Landmark at Watertown there are reasons why…

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Landmark says most station outlets selling diesel, including Sioux Valley Coop, are being rationed at the present time using an allocation system…

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He says retailers are trying to hold the cost increases back as long as they can, but that when fuel inventories gets scare, price changes are needed to offset demand.  Landmark says that’s something retailers don’t like to do.  Ironically, while diesel prices have been rising, gasoline prices have been in decline…

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One of the most frequent comments that surfaces when fuel prices spike is that retailers are making a lot of money.  Landmark says that’s not the case…

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(courtesy KXLG Watertown)

Categories : Local News

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