Why Are Diesel and Gasoline Prices Exploding While Crude Oil Isn’t? - Substack
Why now
Thesis: Refined product cracks signal refinery constraints, not crude scarcity
Catalyst to watch: Refinery outages and crack spreads
Main risk: Crude understates consumer fuel pain
Why it matters
Refined product cracks diverging from crude signals refinery constraints rather than crude scarcity, so headline crude may understate consumer fuel pain.
Sources
- googlenews · news.google.com · 2026-09-22 07:59 UTC