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Diesel and Heating Oil Prices Enter Dangerous Territory
Diesel prices have hit a new all time high, and energy expert Tom Kloza warns the pressure on diesel and heating oil could get worse heading into the winter.
Chuck Zodda and Mike Armstrong discuss the stronger than expected August jobs report, why the labor market still looks steady, and why the economy may be able to withstand higher interest rates. Tom Kloza, chief energy advisor for Gulf Oil and co-founder of OPIS, joins the show to explain why global refining capacity is under pressure, why diesel and heating oil supplies are especially tight, and what could drive prices even higher. They…
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