CNBC — record diesel hits trucks and rails first, then everything they carry
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CNBC — record diesel hits trucks and rails first, then everything they carry
· CNBC
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Why it's worth your time
Diesel is the fuel that prices freight, and it set records this month while crude sits well below its 2022 peak — the shortage is refining capacity, not oil. Worth reading beside the August inflation print, where the energy line has fully arrived and the grocery line has not: this piece is the mechanism by which the second one eventually moves, or the reason to conclude it will not.
Related
9 events DateTypeEvent
Sep 18 ArticleThe War's Energy Shock Has Reached Freight and Rates, Not Food Sep 9 ArticleUS diesel at a record 5.90 dollars while crude sits 28 dollars below 2022: the shortage is refining, not oil (Discovery Alert, Sept 9) — article Sep 18 ScanMonster Scan Sep 17 ScanMonster Scan Sep 16 ScanMonster Scan Sep 21 ScanMonster Scan Sep 15 ScanMonster Scan Sep 22 pickMarketWatch — jet fuel is following diesel's price jump as refineries run short Sep 22 ScanMonster Scan Source links
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