Diesel Margins Top $100 a Barrel to Reach Record High
Refining margins topped $100 a barrel as tight diesel supplies and higher freight costs signal more pressure on supermarket prices in coming months.
7 Articles
7 Articles
Diesel Crack Just Broke $100 a Barrel for the First Time Ever. Here's What It Means For Your Grocery Bill
Refinery margins just shattered a record that sent shockwaves through energy markets, and the ripple heading toward grocery store shelves moves slower than most shoppers realize. What happens between a record-breaking moment at the refinery and the price on your receipt reveals how fragile the current calm in food costs actually is.
Diesel Crack Spread Screams Economic Red Alert, and Inflation Will Soon Surge
Diesel at $102 Over Crude: The Economy's Canary Is Dead, and Inflation Will Follow The most important number in the American economy right now is not the stock market, the jobs report, or even the price of crude oil. It is the diesel crack spread -- now $102 over crude. That figure is so far outside historical norms that it does not represent a market correction. It represents a structural collapse in fuel supply. The economy runs on diesel, you…
US Diesel Crack Hits All-Time High Above $100 a Barrel as Global Supply Crunch Deepens
The U.S. diesel crack surged to an all-time high on Monday, briefly reaching $102.20 a barrel as disruptions tied to the wars in Iran and Ukraine collided with heavy seasonal demand from the agricultural sector. The benchmark, which measures the premium of U.S. diesel futures over West Texas Intermediate crude futures and is closely watched as an indicator of refining profitability, was trading at $99.82 a barrel as of 11:56 a.m. EDT, up 2.4% fr…
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