Very low diesel inventories and reduced refining capacity since the pandemic have pushed diesel prices higher in the United States to a record premium over gasoline and crude oil, according to The Wall Street Journal reports.
The premium of diesel over gasoline has widened to over $1.60 a gallon this year, up from a premium of just $0.23 a gallon over gasoline last year. Wholesale diesel in the port of New York also traded at a record premium versus crude oil last month, which…
