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Midwest retail diesel reached $4.87 a gallon in Minnesota after an outage at Phillips 66's Ponca City refinery in Oklahoma. The refinery resumed operations around Oct.
22, and spot Group 3 diesel moved to a 2-cent discount to futures by Oct. 26 as supplies from Chicago and the Gulf Coast arrived.
Easing regional supply tightness should lower Midwest diesel costs for farm and trucking operations, though inventories remain tight and vulnerable to further disruptions.
hydrocarbonprocessing.comOct 30, 2023Not 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.
