# Renewable fuels take bite out of US diesel consumption | Reuters

> Inflation-adjusted New York Harbor ULSD spot prices averaged $107 per barrel in April 2024, down from $136 in September 2023. The diesel crack spread narrowed to $22 per barrel from $46 a year earlier as renewable fuels displaced diesel consumption.

- Date: 2024-05-10 · published 2024-05-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30448-renewable-fuels-take-bite-out-of-us-diesel-consumption-reuters
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Growing renewable fuel supply is cutting into diesel demand and narrowing refining margins, a structural bearish factor for diesel and a sign of weaker energy-cost pressure on feed logistics.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/renewable-fuels-take-bite-out-us-diesel-consumption-kemp-2024-05-10/

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