Loading…
FreightWaves reports East Coast retail diesel prices are rising much faster than the national average. Allentown, PA reached $6.028/gal against $4.70 in Houston, a spread of $1.328.
PADD 1 ULSD inventories were 56.5% of the five-year average for the week ended October 21.
Regional diesel shortages in the Northeast raise trucking costs for feed distribution into a major consumption region. The inventory gap points to continued upward pressure on East Coast fuel prices.
freightwaves.comJohn KingstonOct 28, 2022After 105 past bullish macro events, ULSD / Diesel moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% over 20.
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.
