Why Diesel Refinery Constraints Could Increase Long Term Global Inflation

Diesel has quietly become the tightest link in the energy complex while attention stays on crude oil and gasoline. Constrained global refining capacity, the closure of the Strait of Hormuz and attacks on Russian refineries have pulled distillate out of world trade at the same time. For agriculture, that cost travels through every tractor, truck and food price, and ultimately could cause inflation to stick around for a longer time. Alex Hodes, StoneX Director of Energy Market Strategy, explains to host Mike Castle why distillate has become the tightest link in the energy complex. View their full report in the related video.