09/04/2026
Diesel: $5.85/gallon.
Diesel crack spread: $108/barrel.
Both are at record levels.
You may not drive a diesel. But diesel moves the trucks, equipment and supply chains behind much of what you buy.
That means higher diesel costs can eventually hit your wallet.
Refiners are another story. A wider crack spread can mean bigger margins, helping explain the huge gains in companies like $XOM, $MPC and $VLO.
What happens next matters far beyond the pump.
Get outlooks from our analyst team covering 50+ world markets in the new September Global Market Perspective: https://ow.ly/Qogw50ZJxAo