US Diesel Refining Margins Hit Record Above $106 a Barrel; Pump Prices Near $5.63 a Gallon
JH Kim
Summary
- US diesel refining margins rose above $106 a barrel to a record high as supply disruptions persisted.
- US retail diesel prices climbed to nearly $5.63 a gallon.
- Ongoing diesel supply disruptions are driving up both refining margins and consumers' fuel-cost burden.
Forecast Trend Report by Period
Cointelegraph reported on September 1 that US diesel refining margins rose above $106 a barrel to a record high as supply disruptions persisted. Retail diesel prices also climbed to nearly $5.63 a gallon.
Diesel refining margins measure the profitability of refining crude into diesel and selling the fuel. As supply disruptions continued, the margin topped $106 a barrel.
Higher refining margins are also feeding into retail prices. US diesel prices have climbed to nearly $5.63 a gallon.
With diesel supply disruptions ongoing, both refining margins and consumers' fuel-cost burden are increasing.
JH Kim
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