Mickey: There are many factors. Increasing demand in the Far East of course plays a role, for example Diesel demand in India alone is currently 1 million barrels/day, up 10% from last year. As I mentioned previously, another factor is the tightening of the sulphur specs and shortage of desulphurisation capacity.
Squeegee: The difference in retail prices arises primarily through differing duty rates in the various countries.