Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets
Why Diesel Prices Are Diverging From Crude in 2026
Crude oil is down more than 11 percent in a week — yet diesel prices at the pump are barely budging. Lucas and Luna unpack the structural mismatch that's breaking the old gasoline-crude correlation. They examine how U.S. refinery closures, global diesel demand from data centers and mining, and the spring turnaround season have created a bottleneck that keeps fuel prices elevated even as crude slides. The episode walks through the numbers on the crude-diesel spread, contrasts the current dynamic with the 2022 energy shock, and raises the question of whether this is a temporary blip or a…
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