BCGE says diesel crack spread nears USD 100 as refined fuel supply tightens

Bitget2026/10/02 10:09

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BCGE flagged a sharp diesel price surge, driven by constrained refined-product supply linked to Middle East disruptions and reduced Russian exports.
US diesel rose to nearly USD 6.50 per gallon by late September from about USD 3.50 in January; gasoline stayed above USD 4.
The ARA diesel crack spread jumped to nearly USD 100 in September from under USD 20 early year, implying extreme refining margins.
BCGE sees scope for easing in coming months, but expects prices to stay elevated without a broad geopolitical de-escalation.
Prolonged high diesel, jet fuel costs risk wider inflation pressure, raising odds of less-accommodative central bank policy in the US, Europe.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BCGE - Banque Cantonale de Genève published the original content used to generate this news brief on October 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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BCGE says diesel crack spread nears USD 100 as refined fuel supply tightens

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