U.S. Rack ULSD Up 4.13cts; Gasoline Rises 5.23cts


   
   DAVENPORT, FL (DTN) -- Wholesale rack prices for ultra-low sulfur diesel 
(ULSD) and gasoline moved higher Tuesday (4/14), following Monday's mixed 
session, as physical markets strengthened alongside a modest pullback in 
futures tied to easing geopolitical tensions.

   Nationwide ULSD rack prices averaged $4.0643 gallon, up 4.13cts from 
Monday's $4.0230 gallon, according to DTN data. Conventional unleaded gasoline 
rack prices averaged $3.3153 gallon, up 5.23cts from $3.2630 gallon.

   Futures prices moved lower Tuesday morning. Front-month May NYMEX ULSD 
futures declined 3.72cts to $3.7969 gallon, while May RBOB gasoline futures 
fell 3.90cts to $3.0770 gallon. WTI crude for May delivery dropped $3.07 to 
$96.01 bbl.

   Futures softened as markets weighed signs of renewed diplomatic progress 
over the Middle East conflict, with U.S. and Iranian officials expected to hold 
another round of talks later this week. The prospect of continued negotiations 
has eased some of the immediate supply concerns that had resurfaced earlier in 
the week.

   Despite the softer tone in futures, rack prices moved higher across most 
regions, reflecting continued strength in physical markets after last week's 
sharp correction.

   In Tuesday's trade, Rocky Mountain ULSD rose to $4.2887 gallon, maintaining 
the strongest gain and trading 22.44cts above the national average. West Coast 
values held the widest premium at $5.0221 gallon, or 95.78cts above the U.S. 
benchmark. East Coast ULSD edged lower to $4.0238 gallon, while Gulf Coast and 
Midwest prices were reported at $3.9836 gallon and $3.9009 gallon, 
respectively, both holding discounts to the national average.

   Relative to the national ULSD rack average of $4.0643 gallon, PADD 5 held 
the widest premium, followed by PADD 4, while PADD 2 remained the deepest 
discount at 16.34cts below the benchmark.

   On conventional unleaded gasoline racks, all regions moved higher Tuesday. 
East Coast gasoline rose to $2.9722 gallon, while Gulf Coast values increased 
to $2.9718 gallon, both maintaining discounts of roughly 34cts to the national 
average. Midwest gasoline climbed to $2.8049 gallon, holding the deepest 
discount at 51.04cts below the benchmark. Rocky Mountain prices rose to $3.2446 
gallon, near the national average, while West Coast gasoline increased to 
$3.9452 gallon, maintaining the only premium position at 62.99cts above the 
U.S. average.

   Compared with the national gasoline average of $3.3153 gallon, regional 
differentials remained largely unchanged, with PADD 2 continuing to reflect the 
weakest pricing structure and PADD 5 maintaining the strongest premium.

    Premium gasoline rack prices also moved higher across most regions. West 
Coast premiums remained elevated at $4.3376 gallon, while Midwest values 
continued to trade at the lowest levels compared to other regions.

   The move higher in rack prices despite softer futures suggests physical 
markets are continuing to firm as supply flows adjust, even as geopolitical 
risk premium eases in paper markets. At the same time, structure remains 
supportive, with ULSD backwardation holding above 22cts and RBOB above 7cts, 
indicating prompt supply remains relatively tight despite the recent volatility.




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