Loading…
The EIA weekly update showed US retail gasoline rose 1.6 cents to $2.182 per gallon for the week ended Aug. 24, while diesel eased 0.1 cent.
Two storms were tracked toward the Gulf Coast, and Laura made landfall as a Category 4 hurricane with refinery shutdowns under way.
Flat retail diesel combined with storm-related refinery shutdowns creates localized fuel supply risk that could lift freight costs for feed deliveries in the Gulf region.
fuelsmarketnews.comDr. Nancy YamaguchiAug 26, 2020After 22 past neutral report events, ULSD / Diesel moved a median -0.1% over 5 sessions (50% higher; middle half -3.5% to +2.7%), and -0.2% 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.
