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The EIA weekly retail diesel price rose 1.1 cents to $2.383 a gallon, after the prior week's $2.382 hit its lowest level since August 2016. ULSD on the CME jumped 7.41 cents to $1.2167 on Monday as equities surged, and Houston rack prices climbed on falling distillate inventories.
Lower distillate inventories and rising rack prices tighten diesel supply and raise fuel surcharges for feed logistics. Price moves are increasingly driven by inventory tightness and broader risk sentiment.
freightwaves.comJohn KingstonNov 9, 2020After 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.
Reports CME ULSD up 7.41 cents to $1.2167 on Monday as equities surged and distillate inventories fell, directly describing the move.
