Dennis K. Burke, Inc. Market Updates

Diesel Fuel Markets and the Impact of Global Political Developments

Written by Mark Pszeniczny | Sep 24, 2026, 1:15:00 PM

 Diesel fuel markets have put their toe in the water of trying to sell off over the last several sessions but are taking longer to materialize. While diesel futures are down about $.30 from a week ago, intraday range from high to low have been wider than $.40. Largely due to the peace talks, or talks before actual talks, between Russian & Ukraine along with envoys from the US and Iran. It appears that Russia may be willing to concede some areas and withdrawing and Ukraine will stop targeting energy infrastructure. Our situation is slightly different, as it looked like a perfect time for high level meetings with the Iranian President at the UN, the US took the position he may not be the actual decision maker. Talk of a Diesel export ban has most agreeing to be a short term gain and a long term loss. One would think that banning exports ultimately would lead to less production, less supplies, and sustained higher pricing. That is exports and imports balance markets, tinkering with that process could upset that, even though presently we are unbalanced. I’ve said for a long time, a strong and open relationship with your supplier is key as we head into the winter season in a very volatile market.