Loading…
US refinery utilization is rising as spring maintenance ends, reaching about 91% and roughly 94% seasonally adjusted, the highest since September 2018. Distillate cover is 7.3 days below the five-year average, and exports, especially diesel, are rising.
High refinery runs combined with low distillate stocks and strong export pull keep diesel supply tight, supporting prices for feed buyers facing high transport costs.
dallasfed.orgApr 28, 2022After 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.
Distillate cover 7.3 days below the five-year average with rising diesel exports confirms tight inventories, though higher refinery utilization is a partial offset.
