U.S. Rack ULSD Hits Nearly $5 gallon, a 91.5% Y-o-Y Rise


   
   DAVENPORT, FL (DTN) -- U.S. wholesale rack prices for ultra-low sulfur 
diesel (ULSD) and gasoline rose Wednesday (9/9), as diesel strengthened across 
all five PADDs as crude oil futures surpassed the $100 mark due to mounting 
Middle East supply concerns.

   Nationwide ULSD rack prices averaged $4.9427 gallon, a 2.25cts from the 
previous trading session. This was $2.3621, or 91.5%, above the $2.5806 gallon 
average from the previous year, according to DTN data.

   Wednesday's conventional unleaded gasoline rack price averaged $3.3989 
gallon, up 0.75ct from $3.3914 gallon reported Tuesday, it was 31.31cts, or 
10.1%, above the August average of $3.0858 gallon and $1.1468, or 50.9%, above 
the $2.2521 gallon average from the previous year.

   The stronger rack market came as crude futures rallied this morning amid 
escalating attacks in the U.S.-Iran conflict raising concerns over crude and 
refined-product supply. The front-month ICE Brent futures contract traded above 
$100 bbl for the first time in nearly seven weeks.

   WTI traded above $95 bbl Wednesday morning and reached a session high of 
$96.10 bbl, the highest level since May 22, when the contract traded as high as 
$96.60 bbl. The pressure was especially pronounced in diesel as the front-month 
NYMEX ULSD traded above $4.70 gallon, up roughly 13cts on the day.

   That strength was reflected across regional ULSD racks. Rocky Mountain 
values posted the largest advance, rising 2.96cts to $5.0634 gallon, followed 
by Gulf Coast prices, which increased 2.90cts to $4.7779 gallon. East Coast 
ULSD rose 2.57cts to $4.7486 gallon, Midwest prices increased 2.15cts to 
$4.9029 gallon and West Coast values added 0.63ct to $5.5800 gallon.

   Relative to the national ULSD rack average of $4.9427 gallon, PADD 5 
maintained the widest premium at 63.73cts, followed by PADD 4 at 12.07cts. PADD 
1 traded 19.41cts below the national average, PADD 3 held a 16.48cts discount 
and PADD 2 stood 3.98cts below the U.S. benchmark.

   Gasoline racks were firmer overall despite weaker paper markets. RBOB 
futures fell about 5cts to trade above $3.20 gallon, while backwardation 
remained above 16cts even after narrowing by roughly 2cts on the day.

   Regional gasoline prices were mixed. Rocky Mountain values recorded the 
largest increase, rising 5.07cts to $3.8907 gallon, while Midwest gasoline 
increased 4.04cts to $3.1969 gallon and Gulf Coast values were nearly unchanged 
at $3.2334 gallon. East Coast gasoline fell 1.24cts to $3.2363 gallon, while 
West Coast values declined 1.03cts to $4.1139 gallon.

   Compared with the national gasoline average of $3.3989 gallon, PADD 5 
reported the largest premium at 71.50cts, followed by PADD 4 at 49.18cts. PADD 
2 held the widest discount at 20.20cts, while PADD 3 and PADD 1 traded 16.55cts 
and 16.26cts below the national average, respectively.

    




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