Loading…

Manufacturing and freight slowdowns have already reduced diesel and other distillate consumption. About two-thirds of distillate goes to trucking, so consumption is tied to the freight cycle and is likely to fall further if manufacturing weakens.
Weaker distillate demand from trucking and manufacturing points to softer diesel prices. Lower freight activity can also ease transport costs for feed.
After 79 past bearish macro events, ULSD / Diesel moved a median -1.0% over 5 sessions (39% higher; middle half -5.7% to +1.7%), and -1.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.