PRICE SPIKES, SHORTFALLS ACCOMPANY ONSET OF NEW DIESEL SPECS IN U.S.

Tight supplies-in some instances spot shortages-of low sulfur diesel have boosted distillate prices in the U.S. just as a new low sulfur highway diesel fuel required by federal and state laws reached markets. Recognizing the problems its new rule is causing, the U.S. Environmental Protection Agency has extended the deadline from Oct. 1 to Oct. 22 by which industry must switch to low sulfur diesel fuel. Under the 1990 Clean Air Act amendments, U.S. refiners as of Oct. 1 were to begin supplying

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