# US Midwest ULSD benchmark differential posts biggest 1-day gain since fall 2023 | S&P Global

> The Group 3 X-grade ULSD differential in Tulsa, Oklahoma rose 14.75 cents/gal on November 6, its largest one-day gain since October 2023, after a sharp selloff in the two prior sessions. Market participants cited steep NYMEX backwardation, a sharp regional inventory draw, the end of harvest season, and a lack of data during the US government shutdown. The Mo1-Mo2 spread widened to 5.94 cents/gal.

- Date: 2025-11-07 · published 2025-11-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/22123-us-midwest-ulsd-benchmark-differential-posts-biggest-1-day-gain-since-fall-2023
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Steep backwardation and a regional inventory draw signal tight near-term Midwest diesel supply, which supports higher fuel costs for buyers, though the move is largely short-term volatility.

## Read by commodity

- DIESEL: bullish ▲

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/refined-products/110725-us-midwest-ulsd-benchmark-differential-posts-biggest-1-day-gain-since-fall-2023

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.