Global fuel prices rise as Harvey's effects ripple beyond U.S. Gulf

After 39 past bullish weather events, ULSD / Diesel moved a median +2.4% over 5 sessions (59% higher; middle half -4.5% to +6.1%), and +8.9% over 20.

• Aug 27, 2021US Gulf Coast refined product prices ahead of Hurricane Ida | S&P Global+4.0%
• Feb 15, 2021Higher diesel prices likely as freeze shuts down Gulf Coast refineries - FreightWaves+4.9%
• Aug 23, 2020Oil Gains as U.S. Gulf Output and Refineries Halted Before Storm - Bloomberg+0.4%
• Aug 28, 2017As Harvey Rages in Texas, Diesel Starts to Climb - TT+8.4%
• Dec 23, 2022Storm cuts U.S. oil, gas, power output, sending prices higher+6.4%

After 24 past bullish weather events, Crude Oil (Brent) moved a median +2.8% over 5 sessions (67% higher; middle half -1.9% to +5.2%), and +6.3% over 20.

• Jan 16, 2026Oil prices rise as supply risk remain in focus-0.3%
• Sep 12, 2024Oil rises 2% as storm batters US Gulf of Mexico production+5.1%
• Nov 5, 2024Oil prices edge up on Gulf of Mexico storm ahead of US election results-4.0%
• Aug 23, 2020Oil Gains as U.S. Gulf Output and Refineries Halted Before Storm - Bloomberg+2.2%
• Oct 1, 2022Oil rises from 9-month low on U.S. Gulf supply cuts, softer dollar+11.3%