No. of Recommendations: 3
The diesel “crack spread” measures the difference in price between a barrel of refined diesel fuel and a barrel of unrefined crude oil. In short, it is a measure of refiner profitability.
Today, the diesel crack spread hit its highest value ever- 102 dollars.
Refiners are doing just fine (at least those not located in the path of Iranian drones and missiles).
Consumers of refined products like gasoline and diesel, as well as consumers of any product transported by vehicles that burn refined petroleum products...... not so much.
A small price to pay for keeping Iran from producing bomb grade uranium (a capacity Trump claims he “completely obliterated” a year ago.
