# America Runs on Oil – But Can U.S. Diesel Stockpiles Keep Up? - Supply Chain Technology News

> Reports show US crude and fuel stockpiles continuing to fall and remaining well below the decade-low levels of 2022. Weekly diesel product supplies show year-over-year declines, while exports stay strong as Europe and Latin America rely more on US fuel following Western sanctions on Russian energy. Global oil consumption is at a record of about 102.5 million barrels per day.

- Date: 2023-08-29 · published 2023-08-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/34777-america-runs-on-oil-but-can-u-s-diesel-stockpiles-keep-up-supply-chain
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Low US distillate inventories and strong export demand leave less buffer against refinery disruptions, supporting diesel and freight costs. Record global oil use keeps energy-linked input costs firm.

## Read by commodity

- WTI: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2026-08-19 | [U.S. Refiners Capitalize as Buyers Vie for Shrinking Diesel Supply - WSJ](https://feedsoft.ai/events/18075-u-s-refiners-capitalize-as-buyers-vie-for-shrinking-diesel-supply-wsj.md) | -6.3% | +17.9% |
| DIESEL | 2016-12-28 | [Diesel prices to start edging up in 2017 - Grainews](https://feedsoft.ai/events/73665-diesel-prices-to-start-edging-up-in-2017-grainews.md) | -0.9% | -4.2% |
| DIESEL | 2020-02-15 | [Why diesel prices will go up - Truck News](https://feedsoft.ai/events/54762-why-diesel-prices-will-go-up-truck-news.md) | -5.1% | -38.5% |
| DIESEL | 2023-08-01 | [Diesel Sees Rare Summertime Rally Amid Heat Waves, Supply Crunch - Bloomberg](https://feedsoft.ai/events/34773-diesel-sees-rare-summertime-rally-amid-heat-waves-supply-crunch-bloomberg.md) | +1.1% | +6.7% |
| DIESEL | 2023-08-25 | [Oil futures up 1% to one-week high on soaring US diesel prices](https://feedsoft.ai/events/34772-oil-futures-up-1-to-one-week-high-on-soaring-us-diesel-prices.md) | -0.2% | +5.4% |
| WTI | 2023-05-24 | [Oil prices gain 2% on falling U.S. stockpiles, Saudi warning \| Reuters](https://feedsoft.ai/events/36100-oil-prices-gain-2-on-falling-u-s-stockpiles-saudi-warning-reuters.md) | -6.6% | -4.9% |
| WTI | 2024-07-31 | [Latin American Stocks And Currencies Climb On Oil Rebound And Weak Dollar - Finimize](https://feedsoft.ai/events/29564-latin-american-stocks-and-currencies-climb-on-oil-rebound-and-weak-dollar.md) | -2.1% | +0.6% |
| WTI | 2024-10-30 | [Oil rises on U.S. stockpiles drawdown, OPEC+ mulls output hike delay](https://feedsoft.ai/events/28024-oil-rises-on-u-s-stockpiles-drawdown-opec-mulls-output-hike-delay.md) | +7.1% | +2.3% |

## Sources

- supplychaintechnews.com: https://www.supplychaintechnews.com/index.php/logistics-2/america-runs-on-oil-but-can-u-s-diesel-stockpiles-keep-up

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