US Makes More Diesel Than It Uses Yet Prices Hit Records

US diesel prices are at record levels because Gulf Coast refiners are tied to export markets, so global distillate shortages set the pump price. Alex Hodes, StoneX Director Energy Market Strategy, explains why the US diesel market behaves like a global market and where price pressure is building. Record diesel refining margins, stacked on already elevated crude oil, are doing most of the heavy lifting at the pump. Gulf Coast refiners are running flat out to replace lost Russian and Middle East barrels, sending diesel exports to Europe while US inventories stay low. Coastal hubs like the Gulf Coast and New York Harbor are most exposed to price spikes, while the Midwest is more sheltered. 0:00 US Diesel Prices Hit Records 0:32 Global Markets Set US Diesel 1:44 Refining Margins Outrun Crude 2:46 Europe Pulls on US Refineries 3:55 Coastal Diesel Takes the Hit 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. #Diesel #StoneX #AlexHodes #CrudeOil