# US diesel demand for March hits 26-year seasonal low, EIA says

> EIA data show US distillate product supplied fell over 6% from February to 3.67 million barrels per day in March, the lowest March level since 1998. The steepest ULSD futures contango since 2020 settled on the same day.

- Date: 2024-05-31 · published 2024-05-31T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/30447-us-diesel-demand-for-march-hits-26-year-seasonal-low-eia-says
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Weak distillate demand and a steep contango point to ample near-term supply, which weighs on diesel prices and may ease fuel costs for feed haulers.

## Read by commodity

- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2023-06-27 | [National diesel average falls, for the week of June 26, reports EIA - Logistics Management](https://feedsoft.ai/events/35682-national-diesel-average-falls-for-the-week-of-june-26-reports-eia-logistics.md) | -2.5% | +13.0% |
| DIESEL | 2025-05-28 | [National diesel average declines for seventh consecutive week, reports EIA - Logistics Management](https://feedsoft.ai/events/24876-national-diesel-average-declines-for-seventh-consecutive-week-reports-eia.md) | +0.9% | +10.9% |
| DIESEL | 2018-11-27 | [National diesel average drops for sixth straight week, reports EIA - Logistics Management](https://feedsoft.ai/events/10262-national-diesel-average-drops-for-sixth-straight-week-reports-eia-logistics.md) | -0.1% | -10.3% |
| DIESEL | 2020-08-05 | [US DATA: EIA says Gulf Coast diesel stocks build to record high](https://feedsoft.ai/events/51799-us-data-eia-says-gulf-coast-diesel-stocks-build-to-record-high.md) | -2.0% | -2.7% |
| DIESEL | 2020-07-28 | [National diesel average falls for second straight week, according to EIA data - Logistics Management](https://feedsoft.ai/events/52311-national-diesel-average-falls-for-second-straight-week-according-to-eia-data.md) | -1.6% | -1.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/us-crude-output-rises-march-while-product-supplied-falls-2024-05-31/

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