U.S. Heating Oil Prices Top Gasoline

Futures for U.S. heating oil, which is easier to make than gasoline, briefly surpassed futures for the motor fuel on Wednesday as strong global demand and speculator buying pushed prices higher.

Demand for U.S. distillates, which include heating oil and diesel, has risen more than 3 percent this year, more than gasoline or crude, in part because of higher diesel use by truckers moving Chinese products from the West Coast to the rest of the country and rising jet fuel consumption by airlines.

Higher demand in Europe and China has also boosted prices.

MSNBC