The big issue in US energy markets is the high price of diesel fuel, which raises shipping costs. The diesel-gasoline spread in NY Harbor is at a high for the year. Some of this is seasonal. More gasoline is refined during the summer driving season, but the US is a net exporter of diesel, and this has increased with shortages in Europe. What some will think is a local market for a product is actually a global market.
Regardless of crude price, there is no simple switch that can increase diesel fuel without changing the quantity of other products. If firms are allowed to export, the product will move to the location with the greatest demand; so if Russian refined product cannot reach Europe and Arab refining is limited because of the Strait of Hormuz closure, the product will come from the US and affect local prices.
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