# U.S. diesel demand is falling despite economic growth

> The EIA forecasts US diesel demand will fall through 2024 despite economic growth, as services drive GDP more than goods. Manufacturing PMI fell to 46.9 in May, its seventh straight month below 50.

- Date: 2023-06-06 · published 2023-06-06T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/35684-u-s-diesel-demand-is-falling-despite-economic-growth
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Weaker freight-linked diesel demand points to softer fuel prices and lower trucking activity, a modest bearish signal for energy costs in feed logistics.

## Read by commodity

- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2022-07-08 | [Global diesel demand starts to slacken as economy falters \| Reuters](https://feedsoft.ai/events/11245-global-diesel-demand-starts-to-slacken-as-economy-falters-reuters.md) | -0.3% | -10.3% |
| DIESEL | 2023-04-06 | [Global diesel prices fall as economic slowdown intensifies](https://feedsoft.ai/events/36585-global-diesel-prices-fall-as-economic-slowdown-intensifies.md) | -2.0% | -18.8% |
| DIESEL | 2019-05-28 | [Falling diesel fuel demand in china paints bleak picture](https://feedsoft.ai/events/10413-falling-diesel-fuel-demand-in-china-paints-bleak-picture.md) | -8.8% | -3.7% |
| DIESEL | 2023-04-25 | [Sliding Diesel Prices Signal Warning for U.S. Economy](https://feedsoft.ai/events/36578-sliding-diesel-prices-signal-warning-for-u-s-economy.md) | -5.7% | -6.2% |
| DIESEL | 2019-05-29 | [: Global economic slowdown hits diesel consumption - Kemp](https://feedsoft.ai/events/10409-global-economic-slowdown-hits-diesel-consumption-kemp.md) | -8.6% | -3.6% |

## Sources

- hydrocarbonprocessing.com: https://www.hydrocarbonprocessing.com/news/2023/06/us-diesel-demand-is-falling-despite-economic-growth/

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