East Coast diesel inventories tighter again; other numbers offer buyers hope
Inventories of ultra low sulfur diesel on the East Coast moved down again after last week’s increase, but other statistics may promise relief to some buyers.
Fuel prices and developments affect the entire supply chain, and can place a lot of pressure on carriers. Check back here for news and information related to fuel prices and the gas sector, plus insights and analysis on trends and issues impacting the industry.
Inventories of ultra low sulfur diesel on the East Coast moved down again after last week’s increase, but other statistics may promise relief to some buyers.
The national average benchmark diesel price was down, but the East Coast price was down by a smaller amount.
The Small Fleet & Owner-Operator Summit takes place on June 15, 2022.
Outright diesel prices in the spot and futures markets are declining, and there are other market indicators suggesting possible relief for the East Coast market.
The key price used for diesel fuel surcharges declined, but the signals on the East Coast diesel squeeze remain.
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Diesel prices have hit a new high. In a Bloomberg interview, one fuel station owner warned of rationing on the East Coast.
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The International Energy Agency’s closely watched monthly report does not see any significant relief for the current tight global oil market, particularly diesel.
Diesel inventories on the East Coast are at record lows. Truckers are spooked by the vanishing stocks and soaring rates.
East Coast diesel inventories are down more than 50% from January, but some signals suggest an easing may be in sight.
The tight diesel market on the East Coast has lifted retail prices in that region far above the rest of the country.
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The East Coast diesel market is getting tighter. Prices are rising, particularly for buyers demanding fuel for the fastest delivery time.
The benchmark DOE/EIA retail diesel price is at its all-time high after an almost 35-cent increase in the number since last week.
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