Loading…
The EIA explainer describes how US diesel prices are built from crude oil, refining crack spreads, retail margins, distribution costs and taxes. It notes that tight distillate supply and high crack spreads have pushed retail prices up, with retail diesel at $6.29/gal as of September 14.
Understanding the crack spread and crude components helps buyers judge whether diesel costs are driven by crude or by refining tightness. This is background rather than a new market event.
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.