Loading…
U.S. refiners have shifted production toward diesel as jet and gasoline demand collapsed, leaving distillate inventories near three-year highs. Diesel futures have fallen to their largest discount to gasoline since 2017.
A growing distillate glut and weak diesel crack spreads push diesel prices lower, reducing fuel costs for trucking and farm transport.
airfreight.newsBloombergMay 8, 2020Not 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.
