But this clearly isn’t just about crude oil; it is also about refining, with diesel futures trading around USD $214 a barrel (retail equates to almost USD $269). The price difference between diesel and crude oil futures, or the “crack spread,” is now about USD $112 a barrel, higher than the price of crude itself — which is most unusual. https://www.bloomberg.com/opinion/articles/2026-09-18/diesel-is-coming-for-trucking-your-home-and-the-midterms?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc4OTczNTkwNiwiZXhwIjoxNzkwMzQwNzA2LCJhcnRpY2xlSWQiOiJUTEpZQ0ZWVFRDWkwwMCIsImJjb25uZWN0SWQiOiI4M0NCNzQ1ODNDNkE0NjIzOTg0QkEzMDM0QUNCMUQ3QyJ9.Uby7fphy9VDekygfP1jsZx2Nr-SWhok14QQPV8WwOm0&leadSource=article-gifting #USPol