Ulsd futures are benefitting from a drawdown in

ULSD futures are benefitting from a drawdown in Gulf Coast inventories, where storage levels fell by 3% week-over-week. Supply chain frictions remain a supportive factor for near-term prices. NYMEX Overview: Petroleum Futures Weaken on Oversupply, US Demand Worries -- OPIS But the retail price lag is reflecting an increase in the price of ultra low sulfur diesel (ULSD) on the CME commodity exchange that took place several weeks ago. From a settlement of $2.1622 a gallon on March 13, ULSD rose to a high settlement of $2.314 on March 31. The ULSD futures market is closely tracking the diesel crack spread, which has widened to over $30, suggesting refiners may prioritize distillate output, potentially stabilizing prices in late Q