Diesel Prices: It’s a Refining Crisis, Not Crude
Diesel prices are still above $5, and Aaron Decker says the real problem is refining capacity — not crude oil. In this FreightWaves Today interview, Decker breaks down crack spreads, refinery outages, low distillate inventories and how the Russia-Ukraine conflict is still hitting diesel markets. For carriers, brokers and shippers, this is the fuel outlook […] The post Diesel Prices: It’s a…
Diesel prices have reached above $5, but the issue is not crude oil, according to Aaron Decker. The real problem lies in refining capacity, not crude. Decker, CEO of Multi-Service Fuel Card, explains that crack spreads are now above $100 per barrel, well beyond their usual range of $15–$25. This is due to a refining crisis caused by low distillate inventories and the Russia-Ukraine conflict.
Ukrainian drone strikes have damaged Russian refineries, and U.S. Gulf Coast diesel exports are running high, causing tension in the American market. The CEO predicts diesel prices will remain above $5 for the foreseeable future, citing government reports and the EIA's forecast as his sources.
Written by urgent.news from FreightWaves's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
