2026-09-19 06:12 UTC
But this clearly isn’t just about crude oil; it is also about refining, with diesel futures trading around USD $214 a barrel (retail equates to almost USD $269).
The price difference between diesel and crude oil futures, or the “crack spread,” is now about USD $112 a barrel, higher than the price of crude itself — which is most unusual.
https://www.bloomberg.com/opinion/articles/2026-09-18/diesel-is-coming-for-trucking-your-home-and-the-midterms?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc4OTczNTkwNiwiZXhwIjoxNzkwMzQwNzA2LCJhcnRpY2xlSWQiOiJUTEpZQ0ZWVFRDWkwwMCIsImJjb25uZWN0SWQiOiI4M0NCNzQ1ODNDNkE0NjIzOTg0QkEzMDM0QUNCMUQ3QyJ9.Uby7fphy9VDekygfP1jsZx2Nr-SWhok14QQPV8WwOm0&leadSource=article-gifting
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Replies (1)
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@bencourtice@aus.social 2026-09-19 06:45
@SuperMoosie@mastodon.au "diesel is the fuel of commerce, powering trucks, trains, tractors and more besides, meaning its price ripples into everything: logistics, manufacturing, agriculture, construction — even data centers." Unsaid: business pays the price of diesel directly, so will charge their customers accordingly. Petrol prices are paid out of wages, and workers don't have the power (currently) to make anyone but their wage pay for that. Not that it won't have flow on effects forbusiness, as spending on non-fuel consumption declines accordingly. But the oil companies win on every count.