◂ Event Timeline

Aug 24, 2020WEATHERUS

Diesel price hike relatively muted as oil markets await arrival of Laura

ULSD diesel on CME rose 3.96 cents to $1.2476 per gallon on Monday ahead of Tropical Storm Laura, while RBOB gasoline jumped 6.46%. Markets expected possible refinery shutdowns along the Texas-Louisiana coast.

WHY IT MATTERS

Anticipated refinery shutdowns can lift diesel prices, which raises fuel and freight costs for feed delivery, though the diesel move was modest.

AFFECTSULSD / Diesel▲

SOURCE
freightwaves.comJohn KingstonAug 24, 2020

Price reaction & history

ULSD / Diesel▲bullishSO FAR1d +3.0%5d +0.4%20d -7.3%

After 39 past bullish weather events, ULSD / Diesel moved a median +2.4% over 5 sessions (59% higher; middle half -4.5% to +6.1%), and +8.9% over 20.

Feb 15, 2021Higher diesel prices likely as freeze shuts down Gulf Coast refineries - FreightWaves+4.9%
Dec 27, 2022Benchmark diesel price down again but futures price turns higher - FreightWaves-4.3%
Aug 30, 2021Ida update: oil markets open higher; ALAN gives guidance - FreightWaves+2.4%
Dec 30, 2024Diesel benchmark up slightly; futures market soars on forecast of extreme cold - FreightWaves+5.6%
Jan 27, 2026Marine Gasoil on East Coast Surges as Frigid Weather Pressures Diesel Market Higher - OPIS, A Dow Jones Company-4.8%

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.

ULSD / Diesel DIESEL · GP ▸

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