Episode Details

Diesel prices are plummeting—down nearly a dollar in just a few months, hitting $4.66 per gallon after eight straight weeks of decline. But while official numbers guide fuel surcharges, the real market’s messy, with varying tracking averages. The key insight? The crack spread, measuring refinery profitability, is soaring to record levels, hinting at strong demand for refined products despite cheap crude. Analysts like Jeffrey Currie say this drop might be temporary, as refineries could soon ramp up production to meet demand. But Helima Croft warns that global shipping safety and stability remain major hurdles—without those, full price recovery won’t happen anytime soon.

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