The domestic diesel market currently faces a significant supply deficit as refining margins reach unprecedented levels. For the first time in history, the US diesel refining margin has exceeded the $100 threshold, climbing to a record high of $106 per barrel.
This metric represents the potential profit refiners generate by processing a single barrel of crude oil into diesel fuel. The current spread indicates extreme tightness in the refining sector as the industry grapples with limited availability of the essential fuel.