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Yuriy Matso highlights that the diesel crack spread has reached $113 a barrel, compared to a typical range of $20–30 a barrel in normal market conditions.
Matso explains that adding $100 crude brings the total cost to about $213 a barrel before tax and distribution. As diesel fuels critical transportation and agricultural activities, Matso notes that these elevated prices will affect nearly every sector by increasing broader costs.
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Matso recently commented on the Federal Reserve's rate hike following Brent crude's rise to $130, with real yields reaching their highest levels since 2008, in a separate analysis here. He has also reported on the S&P 500 remaining stable for 43 sessions without a 1 percent drop, referencing similar calm periods since 1929 here. These observations provide context for his ongoing focus on key market indicators.