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Diesel time spreads strengthened, with the expiring May ULSD contract at its highest premium to forward values in 14 months. Inventories sit below the five-year seasonal range, and the EPA issued a nationwide E15 summer waiver.
Tight diesel inventories and steep backwardation support diesel prices into summer, raising freight costs for feed. The E15 waiver adds corn-based ethanol demand.
tacenergy.comApr 29, 2025Not 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.
