# US manufacturers in halting recovery but diesel use tepid

> US diesel and other distillate prices have been falling faster than crude, narrowing the gross refinery margin. The Brent diesel crack averaged just $19 a barrel so far in June 2024, down from $46 in August 2023 and a record $63 in June 2022.

- Date: 2024-06-07 · published 2024-06-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29976-us-manufacturers-in-halting-recovery-but-diesel-use-tepid
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Weak diesel demand and narrowing refining margins point to softer diesel prices and lower fuel costs for US freight. Refiners may cut runs, which could ease pressure on crude demand.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/us-manufacturers-halting-recovery-diesel-use-tepid-kemp-2024-06-07/

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