US diesel prices hit the high $5.60s amid refining capacity crunch
- US diesel prices hit around $5.60 a gallon this week — not because of oil prices, but because refineries can't keep up.
- A fuel industry CEO said the extra profit refiners make on each barrel has shot up to $100 — way above the usual $15 to $25.
- Ukrainian drone attacks on Russian refineries, plus the US selling more fuel abroad, are squeezing global supply.
- America's diesel reserves have dropped to levels not seen since the early 2000s, and prices could stay high for a while.
Source: freightwaves.com
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