Diesel Prices: It’s a Refining Crisis, Not Crude

Diesel prices are still above $5, and Aaron Decker says the real problem is refining capacity — not crude oil. In this FreightWaves Today interview, Decker breaks down crack spreads, refinery outages, low distillate inventories and how the Russia-Ukraine conflict is still hitting diesel markets. For carriers, brokers and shippers, this is the fuel outlook that matters heading into Q3 and Q4. #DieselPrices #FuelSurcharge #FreightWaves On-road diesel prices hit the high $5. 60s this week, and the culprit is not crude oil — which has been hovering in the $80s — but a refining capacity crunch that has sent crack spreads above $100 per barrel, well beyond their typical $15–$25 range, said Aaron Decker, partner and chief executive officer of Multi-Service Fuel Card.