Diesel Prices Outpace Crude Oil, Alarming Markets
May 16, 2022
In the last 2 months, diesel prices have decoupled from the price of West Texas Intermediate crude. Low global distillate inventories, low refinery capacity, high utilization, and the invasion of Ukraine have driven abnormal crack spreads on end-products. Diesel is the lifeblood of the transportation economy, and sustained higher prices may present a major challenge globally.
Confidentiality Notice: This e-mail, and any attachments, contains information that is, or may be confidential or proprietary in nature. If you are not the intended recipient, please be advised that you are legally prohibited from retaining, using, copying, distributing, or otherwise disclosing this information in any manner. Furthermore, this communication is for informational purposes only and nothing herein should be construed as a solicitation, recommendation or an offer to buy or sell securities or any product.
© 2023 Horizon Kinetics LLC ®. All rights reserved.