# US refiners' shares hit near two-year lows as Trump tariffs spur fuel demand fears

> US refiner shares fell to near two-year lows as tariffs raised fears of weaker fuel demand. US gasoline and diesel futures dropped about 8% in the week, with crude falling more sharply.

- Date: 2025-04-04 · published 2025-04-04T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/12523-us-refiners-shares-hit-near-two-year-lows-as-trump-tariffs-spur-fuel-demand
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Expectations of lower fuel demand from trade-war slowdown weigh on crude and refined product prices. Lower energy costs can ease feed production and freight expenses.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2025-04-07 | 5 | -10.4% | -3.0 | Diesel futures dropped about 8% in the week as tariff-driven fuel demand fears hit refiners and product prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-01-27 | [Oil hits 2-week low as China's DeepSeek AI spurs demand fears \| Reuters](https://feedsoft.ai/events/26682-oil-hits-2-week-low-as-china-s-deepseek-ai-spurs-demand-fears-reuters.md) | -2.8% | -5.2% |
| WTI | 2024-09-10 | [Oil settles near 3-year low on weak demand outlook \| Reuters](https://feedsoft.ai/events/10169-oil-settles-near-3-year-low-on-weak-demand-outlook-reuters.md) | +2.1% | +11.9% |
| WTI | 2020-03-27 | [Oil drops as demand fears overshadow stimulus hopes](https://feedsoft.ai/events/5327-oil-drops-as-demand-fears-overshadow-stimulus-hopes.md) | +37.1% | -32.8% |
| WTI | 2025-04-04 | [Trump tariffs likely to raise inflation, slow US economic growth: Fed  \| AP News](https://feedsoft.ai/events/25044-trump-tariffs-likely-to-raise-inflation-slow-us-economic-growth-fed-ap-news.md) | -10.2% | -12.0% |
| WTI | 2022-06-23 | [Oil prices slump as investors fear Fed rate hikes will hurt demand \| Reuters](https://feedsoft.ai/events/41110-oil-prices-slump-as-investors-fear-fed-rate-hikes-will-hurt-demand-reuters.md) | +4.5% | -8.0% |
| DIESEL | 2022-04-25 | [Oil slumps 4% as Shanghai lockdowns stoke demand fears](https://feedsoft.ai/events/42020-oil-slumps-4-as-shanghai-lockdowns-stoke-demand-fears.md) | +17.0% | -3.7% |
| DIESEL | 2020-09-10 | [Covid and trade war fears drop oil and fuel prices - Container News](https://feedsoft.ai/events/10505-covid-and-trade-war-fears-drop-oil-and-fuel-prices-container-news.md) | +1.8% | +6.3% |
| DIESEL | 2025-04-04 | [Oil falls to near 4-year low amid recession fears, OPEC+ production hikes](https://feedsoft.ai/events/7295-oil-falls-to-near-4-year-low-amid-recession-fears-opec-production-hikes.md) | -6.2% | -8.6% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/refining-stocks-plunge-near-two-year-lows-trump-tariffs-spur-demand-worries-2025-04-04/

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