BCGE says diesel crack spread nears USD 100 as refined fuel supply tightens

• BCGE flagged a sharp diesel price surge, driven by constrained refined-product supply linked to Middle East disruptions and reduced Russian exports.
• US diesel rose to nearly USD 6.50 per gallon by late September from about USD 3.50 in January; gasoline stayed above USD 4.
• The ARA diesel crack spread jumped to nearly USD 100 in September from under USD 20 early year, implying extreme refining margins.
• BCGE sees scope for easing in coming months, but expects prices to stay elevated without a broad geopolitical de-escalation.
• Prolonged high diesel, jet fuel costs risk wider inflation pressure, raising odds of less-accommodative central bank policy in the US, Europe.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BCGE - Banque Cantonale de Genève published the original content used to generate this news brief on October 02, 2026, and is solely responsible for the information contained therein.