Diesel Surge Sparks Inflation Fears Ahead of U.S. Midterms
TL;DR
Diesel prices climb to about $5.47 a gallon with crack spreads at a record high, lifting costs for trucks and farmers and reigniting inflation worries ahead of the midterm elections; global supply constraints from Middle East tensions and Russia, alongside strong U.S. refining activity, constrain availability and fuel policy discussions about exports and strategic reserves.
- Soaring diesel prices rip across US economy Financial Times
- Diesel Margins Top $100 a Barrel to Reach Record High as Supply Crunch Grows Bloomberg
- Diesel Buyers Compete for Shrinking Supply Pool WSJ
- Jeff Currie Forget $91 Brent, The Real Crisis Is $170 Diesel Crude Oil Prices Today | OilPrice.com
- US diesel crack surpasses $100 a barrel for the first time on supply disruptions reuters.com
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