Diesel Squeeze Nobody Hedged: 4 Refiners Just Logged Their 6th Straight Week of Gains

Four U.S. refiners, including Marathon Petroleum Corp. and HF Sinclair Corp., have achieved their sixth consecutive week of share price gains, with increases ranging from 33% to over 42% since early August. Marathon Petroleum's stock rose 7.1% to $424.07, while HF Sinclair gained 7.5% to $115.95. The U.S. ultra-low sulfur diesel crack spread remains above $100 a barrel, contributing to record diesel prices and substantial refining margins, with Goldman Sachs predicting U.S. diesel refining profits to remain elevated at around $63 a barrel into 2027.