# As Hurricane Laura lunges shoreward, oil markets remain nonplussed - FreightWaves

> 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.

- Date: 2020-08-26 · published 2020-08-26T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/51797-as-hurricane-laura-lunges-shoreward-oil-markets-remain-nonplussed-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

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.

## Read by commodity

- DIESEL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2019-08-29 | [Assessing Hurricane Dorian scenarios for oil & gasoline - DTN](https://feedsoft.ai/events/57785-assessing-hurricane-dorian-scenarios-for-oil-and-gasoline-dtn.md) | +1.7% | +5.5% |
| DIESEL | 2021-10-15 | [U.S. natgas falls near 5% on mild forecast, drop in global prices \| Reuters](https://feedsoft.ai/events/44763-u-s-natgas-falls-near-5-on-mild-forecast-drop-in-global-prices-reuters.md) | -0.8% | -5.0% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/as-hurricane-laura-lunges-shoreward-oil-markets-remain-nonplussed

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