# U.S. Midwest diesel prices likely to drop as demand trails off, supplies improve

> 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.

- Date: 2023-10-30 · published 2023-10-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/33823-u-s-midwest-diesel-prices-likely-to-drop-as-demand-trails-off-supplies-improve
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Easing regional supply tightness should lower Midwest diesel costs for farm and trucking operations, though inventories remain tight and vulnerable to further disruptions.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- hydrocarbonprocessing.com: https://www.hydrocarbonprocessing.com/news/2023/10/us-midwest-diesel-prices-likely-to-drop-as-demand-trails-off-supplies-improve/

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