Weekly Recap: Rack Gas, Diesel Fall 13cts


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- U.S. wholesale rack prices for gasoline and ultra-low 
sulfur diesel (ULSD) finished a volatile week lower Friday (11/13), as hopes 
for a diplomatic resolution to the U.S.-Iran conflict and rising petroleum 
inventories outweighed persistent Middle East supply concerns, despite a 
recovery in fuel prices during the final two sessions.

   Nationwide gasoline rack prices averaged $2.6714 gallon Friday, down 
13.06cts, or 4.7%, from Monday's $2.8020 gallon, according to DTN data. ULSD 
declined 12.9cts, or 2.7%, to $4.6540 gallon from $4.7830 gallon at the 
beginning of the week.

   Much of the decline occurred early in the week as President Donald Trump's 
comments suggesting that hostilities with Iran could end relatively soon raised 
expectations for a diplomatic breakthrough. The prospect of easing supply 
disruptions pushed crude and refined product futures lower, although renewed 
security concerns near the Strait of Hormuz subsequently helped prices recover. 
Reports of increased OPEC+ crude production in October added another source of 
pressure.

   The supply outlook was further complicated by Thursday's Energy Information 
Administration report, which showed increases in U.S. petroleum inventories. 
Distillate stocks rose 4.1 million bbl to 103.3 million bbl during the week 
ended November 6, while gasoline inventories increased 1.8 million bbl to 210.8 
million bbl. Commercial crude stocks climbed 4.7 million bbl to 414.4 million 
bbl, ending five consecutive weekly declines.

   However, the builds did not erase underlying supply tightness across all 
petroleum markets. Distillate inventories remained 7.6 million bbl, or 6.8%, 
below the corresponding 2025 level, while commercial crude stocks were 13.2 
million bbl, or 3.1%, lower. Gasoline inventories, by contrast, exceeded their 
previous-year level by 5.7 million bbl, or 2.8%, highlighting a less 
constrained supply picture for motor fuel.

   That contrast was also evident in futures and refining margins. WTI crude 
fell to $85.18 bbl Tuesday before recovering to $88.55 bbl Friday, down $0.18 
on the session. NYMEX ULSD advanced 1.52cts Friday to $4.3014 gallon, while 
RBOB gasoline declined 2.08cts to $2.6495 gallon. The diesel crack increased 
$0.77 to $92.07 bbl, while the gasoline crack fell $0.65 to $22.79 bbl.

   Despite the late-week recovery, regional rack prices largely reflected the 
broader decline. Rocky Mountain gasoline fell 20.75cts from Monday to $2.7939 
gallon Friday, followed by the Midwest, down 17.81cts to $2.4380 gallon. West 
Coast gasoline bucked the trend, rising 6.17cts to $3.3702 gallon.

   Diesel rack prices also finished below Monday's levels across all five 
PADDs, with Rocky Mountain ULSD falling 17.95cts to $4.9054 gallon. Gulf Coast 
prices declined 13.32cts to $4.5192 gallon, while Midwest diesel dropped 
13.01cts to $4.5836 gallon.

    




(c) Copyright 2026 DTN, LLC. All rights reserved.