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The EIA Short-Term Energy Outlook reported RBOB gasoline futures rising 21 cents per gallon in October to $1.77/gal, with the ULSD futures price up 9 cents to $1.85/gal by November 2. EIA estimated October gasoline consumption at a record 9.3 million b/d while U.S. gasoline stocks fell below both September and year-earlier levels.
Lower U.S. gasoline and distillate stocks alongside record demand support higher diesel and fuel prices, which raise freight and fuel costs for feed mills and livestock operations.
mansfield.energyAlan ApthorpNov 9, 2017After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% 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.
