Diesel crack just crossed $100/barrel for the first time ever. Closed at $102.20.
Normal range is $20-40. Even $60 is already insane. $100+ means diesel is critically tight vs crude.
U.S. stockpiles lowest since 1996 for this time of year. Refinery attacks, Middle East shipping chaos, Russia export bans all stacking up.
Farmers get hit first. Then truckers. Then grocery shelves. This one ripples.
Normal range is $20-40. Even $60 is already insane. $100+ means diesel is critically tight vs crude.
U.S. stockpiles lowest since 1996 for this time of year. Refinery attacks, Middle East shipping chaos, Russia export bans all stacking up.
Farmers get hit first. Then truckers. Then grocery shelves. This one ripples.