US diesel hits a record $6.529 even as crude oil cools
⛽ The EIA has confirmed that the average US on-highway diesel price reached 6.529 USD/gallon for the week ending September 21, up 0.244 USD in just one week. Prices above 6.50 USD had already emerged over the weekend, but the latest data shows pressure remains elevated.
📉 This contrasts with crude oil, as Brent and WTI have fallen for several sessions. The divergence suggests the bottleneck is increasingly concentrated in refined-product supply, refinery capacity and diesel trade flows rather than crude prices alone.
🏭 Lower diesel supply from Russia and the Middle East, combined with relatively firm transport, agricultural and industrial demand, is keeping retail prices sticky even as crude futures ease.
⚠️ Potential US restrictions on diesel exports are now another key variable. If prices remain elevated, logistics costs and broader goods inflation could stay under pressure.
#EnergyMarkets $CL $NATGAS
⛽ The EIA has confirmed that the average US on-highway diesel price reached 6.529 USD/gallon for the week ending September 21, up 0.244 USD in just one week. Prices above 6.50 USD had already emerged over the weekend, but the latest data shows pressure remains elevated.
📉 This contrasts with crude oil, as Brent and WTI have fallen for several sessions. The divergence suggests the bottleneck is increasingly concentrated in refined-product supply, refinery capacity and diesel trade flows rather than crude prices alone.
🏭 Lower diesel supply from Russia and the Middle East, combined with relatively firm transport, agricultural and industrial demand, is keeping retail prices sticky even as crude futures ease.
⚠️ Potential US restrictions on diesel exports are now another key variable. If prices remain elevated, logistics costs and broader goods inflation could stay under pressure.
#EnergyMarkets $CL $NATGAS
