Latest News Updates From Will Kubzansky

The  “3-2-1 crack spread” rose as high as $70 a barrel on July 16, the highest level on record. 

Unprecedented overseas demand for U.S. diesel, propane and other fuels is straining commercial reserves from the Gulf Coast to the Eastern Seaboard.

The Energy Information Administration’s new report will be published quarterly, beginning May 13, with energy security datasets.

U.S. gasoline inventories are on pace to drop to historical seasonal lows by late summer, further straining a tight fuel market upended by the war in Iran.

Marathon sent tankers on a range of routes in the Iran war's first months, taking advantage of supply disruptions for gasoline, diesel and jet fuel, executives said.

The trade route from the West Coast to Australia is rarely used, but it has become a way for the continent to address fuel shortages since the Iran war began.

Requests to store distillate fuel in tanks with a railroad connection soared to 250,000 barrels in March, up from 30,000 barrels in February and none in January.

National average diesel prices sat at $5.65 a gallon on April 13, more than 60 cents above their previous high-water mark for this time, set in 2022.

The average cost for a gallon of diesel in California rose to the highest level ever as the war in Iran disrupts global energy shipments. 

The Department of Energy authorized two power companies to direct data centers and other large facilities to run backup generators as a last resort to prevent rolling blackouts.