US Drivers Are Feeling the Global Diesel Squeeze
Bloomberg 2026-07-28 11:32:07
Context: The global diesel market is experiencing a significant strain, which is now affecting US drivers. Refineries are prioritizing diesel production over gasoline due to high refining margins, nearing a record high. This shift in production is having a direct impact on the availability and likely prices of fuel for drivers in the United States.
Key Facts
- Refining margins for diesel are near a record, prompting processors to prioritize its production over gasoline.
- The prioritization of diesel production at the expense of gasoline is a direct response to the current market conditions and refining economics.
- US drivers are feeling the effects of the global diesel squeeze, which may lead to changes in fuel availability and pricing.