Diesel Supply Crunch Tightens as Refineries Run Near Capacity
War-damaged energy infrastructure and maxed-out U.S. refineries leave little room to replace lost diesel supplies, pushing fuel costs higher with no quick fix…
#Iran War
29 posts tagged with this topic.
Diesel Drops 15¢ to $6.38, but Brent Crude Above $106 on Iran War
National diesel fell to $6.382/gallon last week, but crude oil volatility tied to Strait of Hormuz negotiations threatens to reverse the decline.
Iran War Cuts More Diesel Supply Than Russia Conflict Did
Bloomberg estimates show the Iran conflict has removed more diesel from global markets than the Russia-Ukraine war, driving pump prices to record highs.
Brent Crude Hits $105.26 After Two-Day 8.5% Rally
International oil benchmark jumped 4% Sept. 10 after a 4.3% gain the day before. Every dollar above $100 adds roughly 3 cents to diesel retail.
Oil Tops $100 for First Time Since July on Middle East Attacks
Brent crude jumped 2.8% to $100.62/barrel Sept. 9, the first triple-digit close in two months. Every dollar adds roughly 3 cents to diesel.
Brent crude hits $97.85 as Iran war enters sixth month
Oil rose 0.9% to a six-week high Sept. 8. Every dollar adds roughly 2.4 cents to diesel retail.
Diesel Futures Hit $4.68/Gallon, New Post-War High
CME diesel settled at $4.6773/gallon Tuesday, up 18.36 cents in one day. Retail prices lag behind, but the surge will hit fuel surcharges within days.
Brent Crude Ticks Up to $88.68 as Iran War Keeps Oil Volatile
International benchmark rose 0.2% Aug. 28, still swinging on Middle East uncertainty. Diesel and fuel surcharges follow every move.
U.S. refineries hit highest run rate since 2019 as Iran war drives output
Crude throughput reached 17.4 million barrels per day last week, the fastest pace in nearly seven years.
Brent Crude Down 2.8% to $78.34 as Iran Talks Continue
Oil fell Monday on diplomatic progress, but Brent still trades $8 above pre-war levels. What the retreat means for diesel and settlement statements.
Brent Crude Falls to $78.36: Down $1.19 as Iran War Premium Fades
Oil dropped another $1.19 per barrel June 18, now just $8 above pre-war levels. Diesel relief continues for fleets that saw fuel spike $2/gallon in March.
Oil Falls $4.37 on Iran Deal, Diesel Relief Coming for Fleets
Brent crude dropped to $82.96 per barrel June 15 as a tentative deal to end the Iran war took shape. What the pullback means for fuel costs.