https://www.live-feeds.com/feed/what-s-behind-the-diesel-market-crunchContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/what-s-behind-the-diesel-market-crunchhttps://www.live-feeds.com/feed/what-s-behind-the-diesel-market-crunch#u104177Mon, 05 Oct 2026 22:30:14 +0000A global refining bottleneck and continued shortfalls of refined products are driving diesel prices to record levels, with the US oil industry warning that costs will not return to normal for a year. The crunch is squeezing profit margins for Texas and Midwest corn belt farmers and sidelining truckers. While oil flows through the Strait of Hormuz are returning to normal, higher insurance costs and alternative routes keep pump prices elevated. Chevron CFO Eimear Bonner expects energy prices to stay high, impacting corporate freight contracts.Why it mattersRefining constraints have created a sup