During the second quarter of 2022, the Diesel Pricing in the North American region observed a constant gyration in the market trajectory amidst the fluctuating Crude Oil market on a global scale. Since the sanctions imposed on Russia by the U.S. and the E.U., Several nations have decided to restrategize to source Crude Oil from other means. Therefore, several northeast Asia players were observed to lean toward the US WTI crude supplies, and in response, the prices for the WTI have soared to historic highs during the second quarter of 2022. This gyration in the upstream energy cycle has impacted the prices of Diesel in the overall North American region.
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