# U.S. diesel stocks bounce in sign of economic slowdown – Financial Newsletter

> US distillate inventories climbed to within the five-year average for the first time in over a year, reaching 116.7 million barrels in the week ending March 24. Production fell 9.1% year over year, while truck freight ton-miles were down about 2%.

- Date: 2023-03-31 · published 2023-03-31T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/37040-u-s-diesel-stocks-bounce-in-sign-of-economic-slowdown-financial-newsletter
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Rebuilt diesel stocks and weak freight demand point to softer diesel prices and lower trucking costs, though a sustained production drop could limit the decline.

## Read by commodity

- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2023-03-01 | [U.S. diesel consumption falls as economy slows](https://feedsoft.ai/events/37037-u-s-diesel-consumption-falls-as-economy-slows.md) | -0.6% | -1.8% |
| 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 | 2026-03-25 | [U.S. diesel futures hold losses, down 8.1%, after EIA storage report \| MarketScreener](https://feedsoft.ai/events/8539-u-s-diesel-futures-hold-losses-down-8-1-after-eia-storage-report-marketscreener.md) | -0.9% | -6.6% |
| DIESEL | 2021-12-20 | [DOE/EIA benchmark diesel price now down 5 straight weeks - FreightWaves](https://feedsoft.ai/events/43798-doe-eia-benchmark-diesel-price-now-down-5-straight-weeks-freightwaves.md) | +6.1% | +21.1% |
| DIESEL | 2021-12-06 | [Drop in benchmark DOE/EIA diesel price largest since pandemic’s early days - FreightWaves](https://feedsoft.ai/events/43801-drop-in-benchmark-doe-eia-diesel-price-largest-since-pandemic-s-early-days.md) | +7.5% | +12.5% |

## Sources

- financialnewsletter.com: https://financialnewsletter.com/u-s-diesel-stocks-bounce/

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