# Market Talk | Diesel Demand At 3 Year High

> The DOE's estimate for US diesel demand rose to a second consecutive three-year high. Utilities drew heavily on diesel during the January cold spike to meet electricity needs. Basis differentials for ULSD and heating oil fell sharply in the New York Harbor spot market.

- Date: 2025-02-06 · published 2025-02-06T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/26247-market-talk-diesel-demand-at-3-year-high
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Strong utility diesel burn supports prices, but the sharp drop in spot basis suggests the January squeeze is easing. Futures may follow spot lower if that trend holds.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2025-08-29 | [Diesel Prices Now Hold at $3.71 in a Tight Market](https://feedsoft.ai/events/23500-diesel-prices-now-hold-at-3-71-in-a-tight-market.md) | -0.6% | +5.3% |
| DIESEL | 2020-04-24 | [Diesel demand numbers point to a market that may be turning up - FreightWaves](https://feedsoft.ai/events/53803-diesel-demand-numbers-point-to-a-market-that-may-be-turning-up-freightwaves.md) | +1.3% | +32.0% |
| DIESEL | 2021-02-18 | [US DATA: EIA says total US diesel fuel demand jumps to 15-month high \| S&P Global](https://feedsoft.ai/events/48824-us-data-eia-says-total-us-diesel-fuel-demand-jumps-to-15-month-high-s-and-p.md) | +4.0% | +3.4% |
| DIESEL | 2023-08-31 | [FTR: High fuel chipping away at shippers’ market \| FleetOwner](https://feedsoft.ai/events/34774-ftr-high-fuel-chipping-away-at-shippers-market-fleetowner.md) | +4.5% | +7.5% |
| DIESEL | 2025-01-06 | [Diesel Price Rises 5.8¢ to $3.561 a Gallon to Start New Year - TT](https://feedsoft.ai/events/10351-diesel-price-rises-5-8-to-3-561-a-gallon-to-start-new-year-tt.md) | +6.4% | +4.7% |

## Sources

- tacenergy.com: https://www.tacenergy.com/news-and-views/market-talk/diesel-demand-at-3-year-high

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