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The diesel crack spread approached $70 a barrel, the highest for this time of year since records began in 1986. It was below $20 a year earlier, and US Northeast heating demand is expected to rise with soaring natural gas prices.
Record refining margins signal tight distillate supply and encourage maximum diesel output. Higher diesel costs feed directly into freight and on-farm energy expenses.
bloomberg.comChunzi XuAug 22, 2022Not 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.
