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Axios reports that diesel crack spreads have soared in recent days as the fuel market is increasingly driven by geopolitics and war. A benchmark US diesel crack spread rose by roughly $10 on Wednesday, its largest move in a while, as the gap between diesel futures and Brent widened.
A widening crack spread means refiners earn more per barrel, which keeps diesel prices rising faster than crude. Diesel is a key input for trucking and agriculture, so higher prices are likely to pass through to feed costs.
axios.comMatt PhillipsJul 10, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
