Soaring Diesel and Gasoline Prices Are Bleeding Into Shipping
- High diesel, gasoline margins help push up marine fuel costs
- That risks piling more inflationary pressure on supply chains
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The shipping industry is starting to feel the full force of surging diesel and gasoline costs.
Ship fuel can be made from some of the same ingredients that refiners can also put into diesel and gasoline. But soaring margins of the latter two fuels are making their production more attractive, resulting in tighter supplies for the maritime sector.