# Diesel Profit Margins Soar to 30-Year Seasonal High as Supply Worries Grip US - Bloomberg

> 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.

- Date: 2022-08-22 · published 2022-08-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/40237-diesel-profit-margins-soar-to-30-year-seasonal-high-as-supply-worries-grip-us
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Record refining margins signal tight distillate supply and encourage maximum diesel output. Higher diesel costs feed directly into freight and on-farm energy expenses.

## Read by commodity

- DIESEL: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-08-22/us-diesel-margins-soar-to-30-year-record-for-this-time-of-year

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.