# Traders rush to supply fuel to the U.S. as Texas freeze bites

> Freezing weather in Texas prompted a flurry of fuel tanker bookings to supply the US. The US crack spread settled at $15.43 a barrel on Thursday, the highest since April 2020.

- Date: 2021-02-19 · published 2021-02-19T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/48823-traders-rush-to-supply-fuel-to-the-u-s-as-texas-freeze-bites
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A widening refining margin signals tight product supply, supporting diesel prices and raising costs for fuel-dependent feed logistics.

## Read by commodity

- WTI: neutral
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2021-02-18 | [Diesel fuel in short supply in Texas; prices on the rise - FreightWaves](https://feedsoft.ai/events/48825-diesel-fuel-in-short-supply-in-texas-prices-on-the-rise-freightwaves.md) | +4.0% | +3.4% |
| DIESEL | 2022-03-11 | [Oil Traders Jump Into Action as Europe Screams for Diesel Supply - TT](https://feedsoft.ai/events/4725-oil-traders-jump-into-action-as-europe-screams-for-diesel-supply-tt.md) | +5.0% | +1.3% |
| DIESEL | 2019-06-14 | [IMO 2020 credit risks to cascade across marine fuel supply chain - FreightWaves](https://feedsoft.ai/events/58774-imo-2020-credit-risks-to-cascade-across-marine-fuel-supply-chain-freightwaves.md) | +4.5% | +9.9% |
| DIESEL | 2022-02-25 | [Shippers prepare as Ukraine crisis prompts emergency fuel surcharges - The Loadstar](https://feedsoft.ai/events/12932-shippers-prepare-as-ukraine-crisis-prompts-emergency-fuel-surcharges-the.md) | +23.0% | +46.1% |
| DIESEL | 2024-01-26 | [Europe’s Diesel Supply Chain Threatened by High Freight Costs - TT](https://feedsoft.ai/events/32308-europe-s-diesel-supply-chain-threatened-by-high-freight-costs-tt.md) | -2.4% | -3.8% |
| WTI | 2019-05-29 | [CORRECTED-UPDATE 2-MPLX to restart Ozark crude pipeline on Thursday after outage -traders](https://feedsoft.ai/events/59239-corrected-update-2-mplx-to-restart-ozark-crude-pipeline-on-thursday-after.md) | -9.3% | -2.2% |
| WTI | 2021-03-26 | [Suez Canal crisis: Here are the cargoes in the crossfire - FreightWaves](https://feedsoft.ai/events/48030-suez-canal-crisis-here-are-the-cargoes-in-the-crossfire-freightwaves.md) | +5.0% | +6.3% |
| WTI | 2017-09-01 | [Inter Continent Trading: Tankers: Persian Gulf vs Red Sea freight premium disappears as Harvey disrupts trade](https://feedsoft.ai/events/68843-inter-continent-trading-tankers-persian-gulf-vs-red-sea-freight-premium.md) | +0.4% | +9.4% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/traders-rush-supply-fuel-us-texas-freeze-bites-2021-02-19/

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