CHS Senior Vice President of Refined Fuels Jason Schwantz says most diesel fuel prices have declined in recent weeks. “The only prices that aren’t falling is No. 1 diesel fuel is really, really important to people in the Red River Valley, North Dakota/South Dakota area,” said Schwantz. “That’s been really tight because people were short diesel fuel going into the fall and they wanted to make all the No. 2 (diesel fuel) they could.” Diesel fuel supplies are extremely tight. “Quite frankly, we’ve taken a million barrels of refining capacity out of the U.S. during COVID that’s not coming back and that’s going to keep the market tight. Diesel is the driver of the U.S. and the world economy and I don’t see demand slowing down.”
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