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East Coast (PADD 1) ultra low sulfur diesel inventories fell to 19.375 million barrels from 20.4 million a week earlier, among the lowest levels in five to eight years. Refinery runs and total distillate production rose to multi-year highs.
Tight East Coast diesel stocks keep trucking and feed delivery costs elevated, supporting diesel prices. Rising refinery output offers some relief if it sustains.
freightwaves.comJohn KingstonMay 25, 2022After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% 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.
