Peak Diesel

For a couple weeks in September 2026, my Macro Extremes publication highlighted overbought extremes in the prices of various fuel products.

Such as Gasoil. Let’s call it Diesel…..

During the middle weeks of September 2026, the forward contract of the Gasoil crack spreadwas easily spending time around $94.

My empirical checklist said that it was a) time to sell or b) don’t buy.

Even at today’s price of $78, I think that the price of this commodity will decline a further 50%.

November 11, 2026

rob@karriasset.com.au