Record-Setting Stockpiles Of US Diesel -- July 29, 2015

Platts is reporting record-setting stockpiles of diesel:

US ultra-low-sulfur diesel stocks rose to a record high for the fourth straight week, as East Coast stocks also hit a record for the fifth straight week.

Total US stocks of ULSD rose about 2 million barrels in the week that ended Friday to 123.91 million barrels, the highest level since EIA began collecting the data in 2004.

US stocks have risen to a record each of the last four weeks, with most of the stock builds concentrated in the East Coast.

East Coast stocks of ULSD rose 2.32 million barrels to 41.02 million barrels, the highest ever. Stock builds in the East Coast also have set records in each of the last five weeks.

ULSD stocks typically build this time of year in the East Coast ahead of peak winter demand season, with stocks rising last year to a then-record 33.27 million barrels.