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March ULSD futures approached a two-year high set during January's cold snap while WTI hovered near a seven-month high. Northeast extreme winter weather and tight PADD 1 diesel inventories are cited, though demand looks weaker than a month earlier.
Tight Northeast distillate stocks and backwardation point to elevated near-term diesel costs, raising energy and transport expenses for feed producers, though analysts expect possible reversal.
tacenergy.comFeb 24, 2026Not enough comparable past events yet for a historical read.
Not 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.
