# NY Diesel Is So Scarce Traders Are Turning to Unusual Source - Bloomberg

> Bloomberg reports that New York Harbor diesel has reached its highest premium over Nymex futures in five months, at 75 cents a gallon, because seasonal inventories are at record lows. East Coast suppliers are taking physical delivery of Nymex contracts to restock, instead of paying the spot premium.

- Date: 2022-10-14 · published 2022-10-14T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/39316-ny-diesel-is-so-scarce-traders-are-turning-to-unusual-source-bloomberg
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Record-low inventories ahead of winter heating demand keep diesel supply tight and costly for feed haulage. Traders diverting physical supply signals the premium may persist.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2017-09-27 | [Surging Diesel Demand Is Underpinning Crude Oil’s Bull Market - Bloomberg](https://feedsoft.ai/events/69113-surging-diesel-demand-is-underpinning-crude-oil-s-bull-market-bloomberg.md) | -5.1% | -1.3% |
| DIESEL | 2018-08-26 | [Why Diesel Prices Are Set To Soar](https://feedsoft.ai/events/63722-why-diesel-prices-are-set-to-soar.md) | +1.8% | +3.9% |
| DIESEL | 2026-08-26 | [US Diesel Supplies Hit Record Low as Demand Season Looms - Bloomberg](https://feedsoft.ai/events/18069-us-diesel-supplies-hit-record-low-as-demand-season-looms-bloomberg.md) | +11.5% | +15.5% |
| DIESEL | 2023-08-01 | [Diesel Sees Rare Summertime Rally Amid Heat Waves, Supply Crunch - Bloomberg](https://feedsoft.ai/events/34773-diesel-sees-rare-summertime-rally-amid-heat-waves-supply-crunch-bloomberg.md) | +1.1% | +6.7% |
| DIESEL | 2022-10-29 | [How the diesel shortage is being felt globally : NPR](https://feedsoft.ai/events/39318-how-the-diesel-shortage-is-being-felt-globally-npr.md) | -7.9% | -32.0% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-10-14/new-york-diesel-shortage-prompts-traders-to-get-creative

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