#DieselHitsRecordHigh
About DieselHitsRecordHigh
Oil has retreated from recent highs, but US diesel keeps climbing. AAA data show the national average near a record $6.40 per gallon as low inventories, limited refining capacity and tight global supply delay relief at the pump. Refiners are raising diesel output, which may squeeze gasoline supply; Goldman Sachs now favors mid-2027 European gasoline over diesel spreads. Could high fuel costs revive inflation concerns and pressure bonds, stocks and other risk assets?
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Oil easing from recent highs has not translated into cheaper US diesel, with AAA's national average near a record $6.40 a gallon. Low inventories, constrained refining capacity and tight global supply suggest diesel could remain an inflation pressure point. If refiners divert more output toward diesel, gasoline relief may weaken too, keeping bonds and other risk assets sensitive to fuel data.
#DieselHitsRecordHigh
JUST IN: U.S. retail diesel just hit an all-time high of $6.40.
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