Reported 1 day ago
The benchmark diesel price experienced its largest increase since June, rising by 5.8 cents to $3.561 per gallon, following a notable surge in ultra low sulfur diesel futures. This uptick comes despite a reported build in diesel inventories, reflecting tension between market dynamics and supply levels. The price dynamics suggest a potential shift to backwardation, indicating tighter inventories and increased demand for immediate product delivery.
Source: YAHOO