Record-breaking diesel fuel prices in the USA following a global fuel shortage

Record-breaking diesel fuel prices in the USA following a global fuel shortage 🔹According to Bloomberg, profit from diesel production from crude oil in the USA has surpassed 100 dollars per barrel, setting a new historical record. This index closed at a three-digit level for the first time on Monday. 🔹This surge has occurred in the wake of a worsening global fuel supply shortage caused by wars in Iran and Ukraine, the ban on diesel exports from Russia, attacks on refineries in the Middle East, and a sharp reduction in exports from the Gulf. 🔹Diesel fuel inventories in the USA have reached their lowest seasonal level in decades, and the demand from the agricultural harvest season has exerted additional pressure, driving fuel prices up for consumers and industries.