What Diesel's Squeeze Means for Midwest Harvest Costs

Diesel prices are outrunning crude oil and gasoline because global refining capacity is constrained and distillate supply keeps leaving the market. Alex Hodes, StoneX Director of Energy Market Strategy, explains to host Mike Castle why distillate has become the tightest link in the energy complex. Constrained refining capacity, the closure of the Strait of Hormuz and attacks on Russian refineries have pulled distillate out of global trade. Hodes and Castle also cover why Midwest diesel trades weak against New York Harbor while local inventories stay tight ahead of harvest. 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 00:00 - Diesel Outruns the Oil Complex 01:38 - Refining Capacity Ran Short 02:31 - Hormuz Closure Hits Distillate 04:48 - No New Refineries Are Coming 05:44 - The Inflation Nobody Watches 06:16 - Midwest Prices Do Not Add Up 08:13 - Harvest Demand Meets Downtime 11:00 U.S. Barrels Chase Exports Like and subscribe for more financial market insights. #Diesel #StoneX #AlexHodes #CrudeOil