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Platts assessed the US Gulf Coast ULSD pipeline benchmark at a record $4.5509/gal on June 16, with Peru's import parity hitting a record $195.63/b. US diesel exports rose 15% week on week to 1.38 million b/d as Latin American buyers bid for cargoes.
Strong export pull from Latin America keeps US diesel prices at record levels, raising freight and processing costs across the feed supply chain.
energiesnet.comEnergiesNetJun 17, 2022After 26 past bullish trade events, ULSD / Diesel moved a median -1.9% over 5 sessions (31% higher; middle half -5.6% to +1.6%), and -4.8% 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.
