# Higher diesel prices likely as freeze shuts down Gulf Coast refineries - FreightWaves

> Freezing weather shut refineries on the Texas Gulf Coast, including Motiva's 600,000 b/d Port Arthur plant, ExxonMobil's Beaumont refinery and Citgo's Corpus Christi crude units. Refining capacity loss could top 2 million b/d.

- Date: 2021-02-15 · published 2021-02-15T12:00:00.000Z
- Category: weather · region US · magnitude high
- Page: https://feedsoft.ai/events/48826-higher-diesel-prices-likely-as-freeze-shuts-down-gulf-coast-refineries
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A loss of more than 2 million b/d of refining capacity is a major supply shock that pushes diesel and gasoline prices higher.

## Read by commodity

- WTI: neutral
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2022-12-27 | [Benchmark diesel price down again but futures price turns higher - FreightWaves](https://feedsoft.ai/events/38423-benchmark-diesel-price-down-again-but-futures-price-turns-higher-freightwaves.md) | -4.3% | +3.3% |
| DIESEL | 2020-08-24 | [Diesel price hike relatively muted as oil markets await arrival of Laura - FreightWaves](https://feedsoft.ai/events/51796-diesel-price-hike-relatively-muted-as-oil-markets-await-arrival-of-laura.md) | +0.4% | -7.3% |
| DIESEL | 2026-01-27 | [Marine Gasoil on East Coast Surges as Frigid Weather Pressures Diesel Market Higher - OPIS, A Dow Jones Company](https://feedsoft.ai/events/21250-marine-gasoil-on-east-coast-surges-as-frigid-weather-pressures-diesel-market.md) | -4.8% | +12.0% |
| DIESEL | 2021-08-27 | [US Gulf Coast refined product prices ahead of Hurricane Ida \| S&P Global](https://feedsoft.ai/events/45746-us-gulf-coast-refined-product-prices-ahead-of-hurricane-ida-s-and-p-global.md) | +4.0% | +9.0% |
| DIESEL | 2026-01-28 | [Diesel surging on cold weather, more increases in DOE/EIA benchmark loom - FreightWaves](https://feedsoft.ai/events/21244-diesel-surging-on-cold-weather-more-increases-in-doe-eia-benchmark-loom.md) | -4.8% | +7.9% |
| WTI | 2020-06-30 | [US and European natural gas prices rise with Gulf Coast LNG futures as demand picture improves](https://feedsoft.ai/events/9802-us-and-european-natural-gas-prices-rise-with-gulf-coast-lng-futures-as-demand.md) | +2.3% | +3.2% |
| WTI | 2017-08-28 | [As Harvey Rages in Texas, Diesel Starts to Climb - TT](https://feedsoft.ai/events/8389-as-harvey-rages-in-texas-diesel-starts-to-climb-tt.md) | -0.9% | +8.9% |
| WTI | 2026-01-26 | [Natural gas prices hit $6 as Winter Storm Fern brings extreme cold](https://feedsoft.ai/events/4410-natural-gas-prices-hit-6-as-winter-storm-fern-brings-extreme-cold.md) | +6.4% | +9.1% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/higher-diesel-prices-likely-as-freeze-shuts-down-gulf-coast-refineries

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