A. Europe has lower taxes on diesel than on gasoline, according to the Oil Price Information Service. Tom Kloza, chief oil analyst with OPIS, a Gaithersburg, Md., firm that bills itself as the world’s most comprehensive source for petroleum pricing information, said diesel is the fuel of choice for global agriculture so when commodities prices were higher in 2008, there was a huge surge in diesel demand. Diesel also is the benchmark for measuring global economic growth, so diesel prices soared relative to the price of crude in 2008. Amid the global recession, diesel demand in 2009 has plunged, he said.
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