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Cash diesel prices have risen more than $0.50 over NYMEX futures, a sharp disconnect from crude prices. Concerns over product shortages in New York Harbor have slowed barge offers, as product moves overseas instead of to US ports.
Front-month futures reached about $4.00 after repeated spikes.
Cash diesel premiums raise delivered fuel costs for buyers even when futures and crude are falling. Analysts expect these cash-to-screen blowouts to be short-lived.
burkeoil.comMark PszenicznyOct 13, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
