# U.S. diesel shortage increasingly likely until economy slows

> Reuters reports that a US diesel shortage is increasingly likely to persist until the economy slows. NY Harbor ULSD for December delivery trades at a $60/bbl premium to Brent, and the twelve-month spread has flared to a $50/bbl backwardation from under $10 a year earlier. Retail diesel now sits $1.45/gal above gasoline, a record gap.

- Date: 2022-10-27 · published 2022-10-27T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/39314-u-s-diesel-shortage-increasingly-likely-until-economy-slows
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Tight distillate supplies raise freight and fuel costs for feed mills, grain handlers and livestock transport, which can pass through to feed and animal-product prices. The steep backwardation signals physical scarcity into winter.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2022-10-29 | [How the diesel shortage is being felt globally : NPR](https://feedsoft.ai/events/39318-how-the-diesel-shortage-is-being-felt-globally-npr.md) | -7.9% | -32.0% |
| DIESEL | 2026-10-26 | [IEA Says Diesel Stock Recovery Unlikely Before Second Half of 2027](https://feedsoft.ai/events/962-iea-says-diesel-stock-recovery-unlikely-before-second-half-of-2027.md) | -5.9% | — |
| DIESEL | 2026-10-29 | [AMBEST CEO: Diesel Stays High Until Spring \| Big Rig Daily](https://feedsoft.ai/events/2174-ambest-ceo-diesel-stays-high-until-spring-big-rig-daily.md) | -2.4% | — |
| DIESEL | 2021-01-07 | [Diesel market in 2021: Something closer to normalcy likely on tap - FreightWaves](https://feedsoft.ai/events/49327-diesel-market-in-2021-something-closer-to-normalcy-likely-on-tap-freightwaves.md) | +4.6% | +11.6% |
| DIESEL | 2017-07-28 | [China diesel demand expected to return to growth as economy improves](https://feedsoft.ai/events/70130-china-diesel-demand-expected-to-return-to-growth-as-economy-improves.md) | +2.1% | +1.5% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/us-diesel-shortage-increasingly-likely-until-economy-slows-kemp-2022-10-27/

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