A new record is set every day!
#USDieselMarginsTopRecord reached a historic level for U.S. diesel crack spreads, as the diesel crack spread hit $102.20 per barrel on August 17 for the first time ever. The increase is attributed to supply disruptions linked to Iran and Ukraine’s conflicts, lower refinery output, and a decline in U.S. diesel inventories to historically low levels.
For cryptocurrencies, this is a signal for a cautious move toward safety (risk-off). Higher diesel costs increase transportation and production expenses, keeping inflation pressures elevated.
If inflation expectations rise, markets may price in tighter monetary policy for longer, which could reduce liquidity flowing into #Bitcoin and other high-risk assets. Overall, ongoing diesel shortages may mean higher volatility and short-term pressure on cryptocurrencies, especially if oil prices continue to rise.
Please follow up
$BTC
#USDieselMarginsTopRecord reached a historic level for U.S. diesel crack spreads, as the diesel crack spread hit $102.20 per barrel on August 17 for the first time ever. The increase is attributed to supply disruptions linked to Iran and Ukraine’s conflicts, lower refinery output, and a decline in U.S. diesel inventories to historically low levels.
For cryptocurrencies, this is a signal for a cautious move toward safety (risk-off). Higher diesel costs increase transportation and production expenses, keeping inflation pressures elevated.
If inflation expectations rise, markets may price in tighter monetary policy for longer, which could reduce liquidity flowing into #Bitcoin and other high-risk assets. Overall, ongoing diesel shortages may mean higher volatility and short-term pressure on cryptocurrencies, especially if oil prices continue to rise.
Please follow up
$BTC