Diesel Margins Top $100 a Barrel to Reach Record High as Supply Crunch Grows
The margin for making diesel from crude oil in the US has soared past $100 a barrel, setting new all-time highs as a global fuel-making crunch continues to exacerbate fuel prices. The widely watched gauge, known as the diesel crack spread, hovered around $100 a barrel on Tuesday, down slightly from record highs over $102 a barrel. The spread settled in triple digits for the first time on Monday.
The margin for making diesel from crude oil in the US has soared to more than $100 a barrel, setting new all-time highs as a global fuel-making crunch continues to exacerbate fuel prices.