The margin for making diesel from crude oil in the US has soared to more than $100 a barrel, setting new all-time highs as a global fuel-making crunch continues to exacerbate fuel prices. The widely watched gauge, known as the diesel crack spread, hovered around $100 a barrel on Tuesday down slightly from record highs over $102 a barrel. The spread settled in triple digits for the first time on Monday. Before this year, the measure had never risen above $89 a barrel, with the prior record set in October 2022 as the world grappled with a shortage of the fuel heading into the first winter of the Russia-Ukraine war. #oott bloomberg.com/news/articles/…

The margin for making diesel from crude oil in the US has soared to more than $100 a barrel, setting new all-time highs as a global fuel-making crunch continues to exacerbate fuel prices. The widely watched gauge, known as the diesel crack spread, hovered around $100 a barrel on Tuesday down slightly from record highs over $102 a barrel. The spread settled in triple digits for the first time on Monday. Before this year, the measure had never risen above $89 a barrel, with the prior record set in October 2022 as the world grappled with a shortage of the fuel heading into the first winter of the Russia-Ukraine war. #oott bloomberg.com/news/articles/…

Source:https://x.com/staunovo/status/2089800645486280786