US Cash Products — Gulf Coast diesel falls ahead of new trading cycle

NEW YORK, Sept 23 (Reuters) — Cash differentials for diesel fell in the US Gulf Coast on Wednesday ahead of the start of trading for the 57th annual cycle of deliveries to New York Harbor on the Colonial Pipeline, traders said. US Gulf Coast 62-grade ULSD fell 7.75 cents, trading 4 cents per gallon below the ultra-low sulfur diesel futures contract on the New York Mercantile Exchange, market participants said. Gulf Coast M3 conventional gasoline was little changed, trading 49 cents higher than the gasoline futures benchmark on the NYMEX. A3 CBOB gasoline lost 2.75 cents, trading 15.75 cents per gallon above futures. Chicago CBOB gasoline fell 14 cents, trading 26.5 cents per gallon below futures, traders said. Chicago ultra-low sulfur diesel fell 27.5 cents, trading 7.5 cents per gallon above diesel futures. Elsewhere in the Midwest, Group 3 V-grade gasoline fell 10 cents, trading 5 cents lower than the benchmark. Group 3 diesel fell 8.5 cents, trading 2.5 cents lower than the benchmark. US gasoline stocks fell by 1.7 million barrels in the week to 206.05 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 0.1 million-barrel rise. Distillate