ECB Vice President Warns Diesel Price Stickiness Keeps Inflation Pressure Alive

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European Central Bank Vice President Vujčić said on the 25th that reduced refining capacity is likely to keep diesel prices elevated, pushing up broad inflation measures in the euro area. Speaking at an event hosted by the Federal Reserve Bank of Cleveland, Vujčić said, "Energy prices, especially diesel, are likely to remain high for a long time, and that will feed through to inflation. Diesel is used in so many products."

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⛏Heating Oil Futures
HEATOIL
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ECB VP cites reduced refining capacity keeping diesel prices elevated, a supply constraint that supports heating oil (diesel) prices.

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