Diesel Export Ban Talk Is Moving Prices More Than Supply

A diesel export ban is still being debated by the Trump administration, and the talk alone is now moving U.S. diesel prices more than supply is. Alex Hodes, StoneX Director Energy Market Strategy, joins Mike Castle, StoneX Senior Commodities Economist, to explain why diesel has turned political right as harvest demand peaks. U.S. distillate stocks are at record seasonal lows, yet the country makes far more diesel than it uses. The squeeze is regional, with a Joliet refinery outage and a wet Midwest harvest lifting PADD 2 prices and the diesel to corn ratio hitting its worst in about 20 years. 0:00 Diesel Stocks Hit Record Lows 1:24 Diesel Export Ban Heats Up 3:44 U.S. Diesel Output Tops Demand 5:59 Joliet Outage Jolts Midwest 7:44 Wet Harvest Meets Pricey Fuel 10:00 Headlines Whipsaw the Market 12:10 Diesel Export Barrels at Stake 13:56 Inflation Rides Diesel Squeeze Discover Actionable Energy Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/energy?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_alex_hodes&utm_content=share Like and subscribe for more financial market insights. #StoneX #Diesel #AlexHodes #MikeCastle