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Diesel supplies in Florida ahead of Hurricane Dorian appear adequate, but reports conflict. GasBuddy data showed 39% of West Palm Beach stations out of diesel, while the Florida Petroleum Marketers Association said diesel was fine and gasoline resupply was constrained by truck congestion at terminal racks.
Rack prices began rising on August 30 in anticipation of the storm.
Storm-related terminal and station disruptions can lift regional diesel prices quickly, especially at the rack level, which raises local fuel and freight costs for feed deliveries into Florida.
freightwaves.comJohn KingstonAug 30, 2019After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), 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.
