Loading…
The EIA October Short-Term Energy Outlook reports RBOB gasoline futures fell 14 cents per gallon in September to $1.61, while ULSD futures rose 4 cents to $1.79 per gallon. Gasoline margins eased as hurricane effects subsided.
Diesel futures firmness versus easing gasoline signals relatively tighter distillate balances, which can keep fuel and freight costs elevated.
mansfield.energyAlan ApthorpOct 12, 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.
After 56 past neutral report events, Crude Oil (WTI) moved a median +0.0% over 5 sessions (50% higher; middle half -2.7% to +2.5%), and +0.8% 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.
