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CME ULSD diesel fell 1.54 cents to $1.2447 per gallon on Wednesday despite Hurricane Laura's approach toward the Lake Charles and Port Arthur refining corridor. Houston rack prices rose to $1.34 per gallon.
Muted futures reaction alongside rising wholesale rack prices shows the storm risk is being priced unevenly, so local diesel costs for feed transport may rise faster than benchmarks.
freightwaves.comJohn KingstonAug 26, 2020After 50 past weather events, ULSD / Diesel moved a median +0.4% over 5 sessions (54% higher; middle half -4.8% to +5.7%), and +8.8% 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.
