Here is what EXXON MOBIL thinks is going to happen to the market.

ExxonMobil is increasing diesel-production capacity in the United States and Europe by about 6 million gallons a day, an increase in production equivalent to the diesel produced from four average-size refineries.

For automobiles, light pickup trucks, mopeds and lawn mowers, gasoline remains the predominant fuel in many countries, especially in the United States. Yet in Europe, diesel is becoming the fuel of choice for automobiles, and worldwide it is relied upon to run everything from tractor-trailers, buses and marine vessels to off-road equipment such as backhoes, threshers and locomotives – even electrical power generators in many developing countries.

While motor gasoline has a higher global transportation demand, diesel fuel leads in projected demand growth.

ExxonMobil engineers are busy preparing to keep pace with this rising trend. In December, the company announced projects totaling more than $1 billion to increase production of diesel fuel by approximately 6 million gallons (about 143,000 barrels) a day at three refineries – Baytown (Texas), Baton Rouge (Louisiana) and Antwerp (Belgium). When completed in 2010, these major expansions will boost ExxonMobil’s low-sulfur diesel-production capacity by more than 35 percent at the U.S. sites and by more than 100 percent at the European site.

This is equivalent to the diesel production from four average-size refineries.

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