EconomyBook Says Russian Diesel Unlikely to Offset Price Surge

Kevin Book, managing director of ClearView Energy Partners, says more Russian diesel is unlikely to counter a roughly 70% rise in diesel prices. He estimates higher volumes could offer 5 to 20 cents per gallon of relief by the end of the fourth quarter. Book warns that further Middle East escalation could endanger more critical Saudi energy infrastructure and disrupt oil markets far more severely.