Oil drill

SEEKING ALPHA reports:

Prices for diesel fuel have soared by ~50% this year to $5.35/gallon, a record premium over gasoline and crude oil, according to The Wall Street Journal, illustrating how disruptions to globalized energy markets are producing price shocks and potential shortages.

The spread between diesel and gasoline has widened to an all-time high of $1.61/gallon from a mere $0.23 difference a year ago; the U.S. has only 25 days of diesel in reserve, the lowest since 2008, according to ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium
Premium subscriber
New Premium subscriber REGISTER

Comment on this article


You must be logged in to post a comment.