US Gulf Coast ULSD differential collapses amid Colonial Pipeline freeze notice

The US Gulf Coast benchmark differential for ultra-low sulfur diesel plunged to a seven-year low on Oct. 20, with the move following freeze notices from the Colonial Pipeline. Platts assessed ULSD loading onto the 60th cycle at NYMEX November ULSD futures minus 25.25 cents/gal on Oct. 20, marking an 8.25-cent decline on the day. This marked the weakest differential since…