U.S. Rack Daily ULSD Dips 6.82cts; Gasoline Up 9.10cts


   
   HOUSTON, TX (DTN) -- Wholesale rack prices for ultra-low sulfur diesel 
(ULSD) edged down on Tuesday (3/31) while gasoline prices extended gains, as a 
pullback in distillate futures offset ongoing support from tight global supply 
expectations tied to the Iran war.

   Nationwide ULSD rack prices averaged $4.2324 gallon on Tuesday, a decrease 
of 6.82cts from Monday's $4.3006 gallon. Conventional unleaded gasoline rack 
prices averaged $3.3141 gallon, up 9.10cts from $3.2231 gallon, according to 
DTN data.

   ULSD racks rose across regions with East Coast ULSD rising by 24.70cts to 
$4.5557 gallon, while West Coast rack values climbed 20.23cts to $5.4878 gallon 
from the prior trading session. Gulf Coast rack prices rose increased 20.3cts 
to $4.3776 gallon and Midwest ULSD moved 17.67cts higher to $3.8005 gallon. 
PADD 4 posted the smallest increase, up 2.31 cents to $4.1411 per gallon. 
Despite regional increases, the national rack average was pulled lower by 
weighting shifts in high-volume PADD 2 and PADD 3 markets relative to Monday's 
broader gains.

   On conventional unleaded gasoline racks, PADD 1 increased 11.43cts to 
$3.0240 gallon from Monday's $2.9097, while Gulf Coast prices rose 10.36cts to 
$3.0171 gallon from $2.9135. Midwest gasoline climbed 9.36cts to $2.6864 gallon 
from $2.5928 gallon, maintaining the deepest discount nationally. West Coast 
gasoline jumped 7.82cts to $3.9984 gallon from $3.9202 gallon, holding the 
strongest premium.

   Compared with the national gasoline average of $3.3141 gallon, PADD 5 
remained the only region trading at a premium. All other regions held 
discounts, led by PADD 2, followed by PADD 3 and PADD 1.

   The divergence between gasoline strength and distillate softness Tuesday 
underscores the seasonally transitioning demand picture, as refiners shift run 
slates toward higher gasoline yield ahead of summer. Participants will continue 
to watch geopolitical headlines and any OPEC+ production signals for direction 
heading into the week's close.

   At nearly 11:25 a.m. ET, futures markets were mixed. Front-month NYMEX ULSD 
contract edged down by 5cts to $4.2995 Monday's settlement of $4.3466 gallon. 
RBOB gasoline futures inched up by one cent to $3.3625 gallon, a gain of 
13.80cts from $3.2245 gallon the prior day. Spot benchmark prices showed NY 
Harbor ULSD at $4.3343 gallon and Gulf Coast ULSD at $4.4343 gallon, with 
Chicago ULSD at $3.4543 gallon. The NYMEX WTI crude futures contract for May 
delivery climbed $1.20 to $104.08 bbl




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