With Diesel Margins Stretched, Production Is Underway at Nevada’s Only Crude Oil Refinery
WOODS CROSS, Utah, Oct. 23, 2026 (GLOBE NEWSWIRE) -- Wall Street Investor News Commentary - Diesel is where the U.S. fuel market is tightest. The average U.S. on-highway diesel price reached $6.276 a gallon on October 19, up $2.656 from a year earlier, according to the U.S. Energy Information Administration, and in its October Short-Term Energy Outlook the agency said it expects U.S. distillate fuel inventories to remain below the 2021–2025 average throughout the forecast period, keeping diesel crack spreads elevated and retail prices above $4 per gallon through 2027. For refiners, that spread between the cost of crude and the price of finished fuel is where the money is made, and it is dr