Diesel prices surpass gasoline, see nearly 62 cents/gal premium Lower USAC gasoline production, imports point to tight summer E15 waivers, SPR crude releases attempt to mitigate high prices US EIA forecasts highest retail gasoline prices since 2014 Low production, strong demand, and weak gasoline imports raised the question of whether gasoline prices will follow in diesel’s record-setting footsteps this summer.
US Gulf Coast pipeline ULSD’s premium over CBOB has grown considerably since the start of the year. Although ULSD averaged just an 18.93 cents/gal premium over USGC pipeline CBOB in January and a 20.40 cents/gal premium in February, in March that premium spiked to 48.23 cents/gal. So far in April, Gulf Coast ULSD has averaged a 61.86 cents/gal premium over pipeline CBOB. With the spread between diesel and gasoline growing, refiners have been maximizing […]