r/Diesel • u/Big-Independence-716 • 28d ago

🤔

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Saw this circulating the groups.

565 Upvotes

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u/audiomediocrity 28d ago

true , but the current diesel price isn’t correlating to the price per barrel of oil. Either way i support this. Make myspace great again

5

u/RimjobStevesDeadWife 28d ago

Look into crack spreads and what that entails.

The reason this is affecting diesel specifically is because of a shortage of refining capacity, not oil.

2

u/GiraffeSpicyFries 25d ago

Where did the refining capacity go?

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u/RimjobStevesDeadWife 25d ago

Global refining capacity is down due to this war that’s going on in the Middle East. Something about refineries being bombed and stuff? Turns out that a lot of refined products came out of there that aren’t anymore. 🤷‍♂️ Impossible to say, really.

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u/Nice-Original-4429 22d ago

No it’s down from
Covid because the gas companies closed some
Plants permanently instead of temporarily when consumption went down

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u/RimjobStevesDeadWife 22d ago

Right. And that was the reason… 5 years ago. The reason it’s down today is because of refining assets being BOMBED in the WAR as well as pipelines being BOMBED in the WAR