# US crude stocks rose last week, fuel inventories dipped as demand surged, EIA says

> The EIA reported that U.S. crude stocks rose last week while fuel inventories fell sharply. Back-to-back major hurricanes pushed gasoline demand to nearly a three-year high.

- Date: 2024-10-09 · published 2024-10-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/11688-us-crude-stocks-rose-last-week-fuel-inventories-dipped-as-demand-surged-eia-says
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A sharp drop in fuel inventories alongside strong demand tightens near-term product supply and supports gasoline and diesel prices. Hurricane-related disruption adds to upward pressure on fuel costs for feed transport.

## Read by commodity

- WTI: neutral
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-01-08 | [US crude stocks at Cushing fall to decade-low, fuel inventories surge, EIA says](https://feedsoft.ai/events/10349-us-crude-stocks-at-cushing-fall-to-decade-low-fuel-inventories-surge-eia-says.md) | +4.3% | -4.6% |
| WTI | 2018-10-25 | [US crude stocks rise as fuel inventories draw down](https://feedsoft.ai/events/12177-us-crude-stocks-rise-as-fuel-inventories-draw-down.md) | -2.0% | -18.3% |
| WTI | 2020-09-30 | [U.S. crude, distillate stocks down in most recent week: EIA \| 104.5 & 96.1 The Point](https://feedsoft.ai/events/51291-u-s-crude-distillate-stocks-down-in-most-recent-week-eia-104-5-and-96-1-the.md) | +3.7% | +0.8% |
| WTI | 2023-08-23 | [US crude stockpiles fall as refining runs hit 2020 high - EIA \| Reuters](https://feedsoft.ai/events/34755-us-crude-stockpiles-fall-as-refining-runs-hit-2020-high-eia-reuters.md) | +1.1% | +11.6% |
| WTI | 2024-02-01 | [EIA: U.S. crude stockpiles rise, products draw on low refining rates](https://feedsoft.ai/events/31856-eia-u-s-crude-stockpiles-rise-products-draw-on-low-refining-rates.md) | -2.6% | +3.6% |
| DIESEL | 2018-10-25 | [US crude stocks rise as fuel inventories draw down](https://feedsoft.ai/events/12177-us-crude-stocks-rise-as-fuel-inventories-draw-down.md) | +0.5% | -12.1% |
| DIESEL | 2026-10-28 | [US crude and distillate inventories fall, gasoline stocks rise, EIA says By Reuters](https://feedsoft.ai/events/271-us-crude-and-distillate-inventories-fall-gasoline-stocks-rise-eia-says-by.md) | -4.2% | — |
| DIESEL | 2022-09-28 | [Oil prices rise on surprise drop in U.S. crude, fuel stocks](https://feedsoft.ai/events/39763-oil-prices-rise-on-surprise-drop-in-u-s-crude-fuel-stocks.md) | +10.2% | +25.9% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/us-crude-stocks-rise-gasoline-distillate-inventories-fall-eia-says-2024-10-09/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.