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The EIA reports that distillate prices reached their highest nominal levels since 2014, with NYH ULSD hitting $2.96/gal on February 14. Low refinery output and strong consumption drove the increase, and the ULSD-Brent crack spread averaged about $0.62/gal in February.
Tight distillate inventories and wide crack spreads keep diesel costs elevated, which raises fuel and freight expenses for feed-mill delivery and feed ingredient transport.
hydrocarbonengineering.comBella WeetchFeb 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.
