US diesel hit a record $5.848 a gallon as two simultaneous wars choked global supply, pushing grocery and freight costs higher.
Brent crude dropped $42 from its April peak, yet diesel hit a record as refineries shifted to jet fuel, draining distillate stockpiles.
Goldman Sachs warns meaningful diesel relief requires recovery in Persian Gulf or Russian fuel flows, both largely beyond Washington's near-term control.
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Energy ****** yst Jaime Brito put it plainly this week: "Diesel is the blood of the economy. It's the engine in which you move goods, food, agricultural goods from the farm to the supermarket". That line landed with unusual weight because US retail diesel just set an all-time high. Reuters reported on September 3 that US diesel prices hit a record as overlapping conflicts intensified a global supply crunch. The full-day national average reached $5.848 a gallon, eclipsing the previous peak.
#brent
Brent crude dropped $42 from its April peak, yet diesel hit a record as refineries shifted to jet fuel, draining distillate stockpiles.
Goldman Sachs warns meaningful diesel relief requires recovery in Persian Gulf or Russian fuel flows, both largely beyond Washington's near-term control.
Just released. Our ****** ysts combed the entire stock market and named the ten best stocks to buy right now. The report is free. Enter your email and see if any of your stocks made the cut.
Energy ****** yst Jaime Brito put it plainly this week: "Diesel is the blood of the economy. It's the engine in which you move goods, food, agricultural goods from the farm to the supermarket". That line landed with unusual weight because US retail diesel just set an all-time high. Reuters reported on September 3 that US diesel prices hit a record as overlapping conflicts intensified a global supply crunch. The full-day national average reached $5.848 a gallon, eclipsing the previous peak.
#brent
2 months ago
