# US plants run hard, margins triple

> US independent refiners ran near capacity and their margins tripled in the third quarter because of war-related supply disruptions. Refining crack spreads have eased recently, but refiners expect high margins to persist into next year. Executives cited tight global supply, higher freight rates and weak gasoline and diesel demand.

- Date: 2026-11-02 · published 2026-11-02T21:09:48.956Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/75863-us-plants-run-hard-margins-triple
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Strong refining margins keep diesel prices elevated, raising feed and farm transport costs, while the Venezuelan and Canadian crude flows affect heavy crude pricing.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2026-06-02 | [Goldman Sachs expects elevated refined fuel margins through 2026 on Hormuz disruption \| Reuters](https://feedsoft.ai/events/19008-goldman-sachs-expects-elevated-refined-fuel-margins-through-2026-on-hormuz.md) | -1.5% | -9.5% |
| DIESEL | 2019-07-24 | [Philadelphia Energy Solutions (PES) closure tightens Atlantic Basin refining markets](https://feedsoft.ai/events/58289-philadelphia-energy-solutions-pes-closure-tightens-atlantic-basin-refining.md) | +1.4% | -3.8% |
| DIESEL | 2019-12-11 | [Reaction in the diesel market to IMO 2020 is still to come: Platts - FreightWaves](https://feedsoft.ai/events/55751-reaction-in-the-diesel-market-to-imo-2020-is-still-to-come-platts-freightwaves.md) | +3.5% | -0.9% |
| DIESEL | 2023-09-19 | [Rising fuel costs driving US LTL, truckload costs higher \| Journal of Commerce](https://feedsoft.ai/events/34300-rising-fuel-costs-driving-us-ltl-truckload-costs-higher-journal-of-commerce.md) | -1.2% | -3.5% |
| DIESEL | 2021-06-18 | [US Trucking Boom Contributes to Rising Demand for Diesel - TT](https://feedsoft.ai/events/46789-us-trucking-boom-contributes-to-rising-demand-for-diesel-tt.md) | +4.7% | +2.0% |

## Sources

- worldports.org: https://www.worldports.org/us-plants-run-hard-margins-triple/

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