Midwest Weekly: Group 3 ULSD Up 27cts, Tailing NYMEX ULSD


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- Midwest spot fuel prices extended their upward run 
during the week ended July 24, with ultra-low sulfur diesel (ULSD) leading 
regional gains as strong futures buying reinforced tight underlying physical 
fundamentals.

   Group 3 ULSD logged the largest regional advance, rising 27.06cts, or 7.64%, 
to a weekly average of $3.8144 gallon, pricing data monitored by DTN showed.

   Chicago ULSD recorded another robust gain, adding 26.56cts, or 7.82%, to 
settle at a weekly average of $3.6619 gallon. Year over year, Chicago ULSD 
remained up 59.69%, or $1.3956 above its 2025 level.

   Group 3 jet fuel also posted steep gains, climbing 10.56cts, or 2.82%, to 
average $3.8499 gallon. That closing value marks a $1.3456 increase, or 58.05%, 
over the same period last year.

   Chicago jet fuel bucked the regional upward momentum, falling 5.14cts, or 
1.50%, to finish at a weekly average of $3.3679 gallon. Despite the weekly dip, 
the product remained up $1.1606, or 52.45%, from its year-ago level.

   The Midwest distillate strength was largely driven by a rally in ULSD 
futures, which gained over 3% on the week after surging 14% and 12% in the two 
preceding weeks.

   The rally in ULSD futures came amid international supply disruptions that 
included a diesel export ban ordered by Moscow, following Ukrainian strikes on 
Russian refining capacity.

   U.S. supply tightness added to the market's upside. PADD 2 distillate fuel 
oil inventories fell by 300,000 bbl on the week to 28.6 million bbl during the 
week ended July 17, the U.S. Energy Information Administration reported.

   Refinery utilization in the Midwest rose to 100.3% versus the prior week's 
99.1% and remained above the year-ago level of 97.8%.

    




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