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Palisades Gold Radio · Friday, July 17, 2026

Diesel Prices Surge to Twice the Price of Crude Oil

Rory Johnston points out an unusual market condition where diesel is priced at twice the cost of crude oil, a phenomenon he states has never been seen before. He notes that refineries are currently operating at maximum capacity.

The tape

3 quotes
diesel is twice the price of of crude oil right now which is staggering
We've never seen this before
Every refinery outside of China and Russia right now who is running as fast as they physically can
Heard on Palisades Gold Radio — “Rory Johnston: What Everyone Is Getting Wrong About The Oil Price Amidst Iran War, published Friday, July 17, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
Transcribed via Gemini audio transcription · $0.06
Diesel Prices Surge to Twice the Price of Crude Oil — Heardvine