# Distillates Down, Tonnage Down, Tariffs Up: What’s Fueling the Diesel Drop

> Diesel futures sold off as recent demand data showed distillate consumption down 12% year over year and gasoline down just over 7%. Trucking tonnage fell 1.8% over two months and US port volumes are reported down sharply as importers pause purchases due to tariffs.

- Date: 2025-05-22 · published 2025-05-22T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/24880-distillates-down-tonnage-down-tariffs-up-what-s-fueling-the-diesel-drop
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Weaker freight demand and tariff-driven drops in port volume reduce diesel demand and pressure prices lower. Softer goods movement can also cut trucking costs for feed transport.

## Read by commodity

- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2024-11-19 | [What do Diesel and Gasoline Tell us About Oil Prices?](https://feedsoft.ai/events/27582-what-do-diesel-and-gasoline-tell-us-about-oil-prices.md) | -0.7% | -1.3% |
| DIESEL | 2023-01-06 | [U.S. manufacturing downturn will cut diesel consumption](https://feedsoft.ai/events/37969-u-s-manufacturing-downturn-will-cut-diesel-consumption.md) | +7.9% | -7.2% |
| DIESEL | 2022-03-28 | [Up and down: DOE/EIA price way up, diesel futures plummet - FreightWaves](https://feedsoft.ai/events/9138-up-and-down-doe-eia-price-way-up-diesel-futures-plummet-freightwaves.md) | -18.2% | +0.1% |
| DIESEL | 2020-01-28 | [Diesel Fuel Market Stable as IMO Mandate Takes Hold - TT](https://feedsoft.ai/events/55257-diesel-fuel-market-stable-as-imo-mandate-takes-hold-tt.md) | -5.8% | -6.1% |
| DIESEL | 2020-09-30 | [Europe's Oil Refineries Struggling to Cope With Diesel Glut \| Financial Post](https://feedsoft.ai/events/51273-europe-s-oil-refineries-struggling-to-cope-with-diesel-glut-financial-post.md) | +6.8% | +4.4% |

## Sources

- burkeoil.com: https://www.burkeoil.com/value-added-services/energy-market-updates/distillates-down-tonnage-down-tariffs-up-whats-fueling-the-diesel-drop

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