# U.S. diesel consumption falls as economy slows

> US distillate consumption ended 2022 at its slowest pace in a decade, according to government data released on Tuesday. The decline was linked to weaker manufacturing and freight activity.

- Date: 2023-03-01 · published 2023-03-01T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/37037-u-s-diesel-consumption-falls-as-economy-slows
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Softer US diesel demand points to a weaker freight economy, which tends to pressure diesel prices and reduces fuel-driven feed transport costs.

## Read by commodity

- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2023-03-31 | [U.S. diesel stocks bounce in sign of economic slowdown – Financial Newsletter](https://feedsoft.ai/events/37040-u-s-diesel-stocks-bounce-in-sign-of-economic-slowdown-financial-newsletter.md) | +2.0% | -9.6% |
| DIESEL | 2020-09-28 | [Diesel Falls 1¢ to $2.394 in Fourth Consecutive Decline - TT](https://feedsoft.ai/events/51276-diesel-falls-1-to-2-394-in-fourth-consecutive-decline-tt.md) | -3.6% | +2.2% |
| DIESEL | 2019-05-29 | [Diesel average falls for second time in three weeks, reports EIA - Supply Chain 24/7](https://feedsoft.ai/events/10412-diesel-average-falls-for-second-time-in-three-weeks-reports-eia-supply-chain-24.md) | -8.6% | -3.6% |
| DIESEL | 2018-11-20 | [Diesel average falls for fifth consecutive week, reports EIA - Logistics Management](https://feedsoft.ai/events/9535-diesel-average-falls-for-fifth-consecutive-week-reports-eia-logistics-management.md) | -9.6% | -15.8% |
| DIESEL | 2018-12-24 | [2018 Diesel Prices Stay Consistent Around $3 a Gallon - TT](https://feedsoft.ai/events/61738-2018-diesel-prices-stay-consistent-around-3-a-gallon-tt.md) | -3.5% | +8.7% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/us-diesel-consumption-falls-economy-slows-2023-03-01/

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