# EIA: low inventories and high demand boost global distillate crack spreads | Hydrocarbon Engineering

> The EIA reports that distillate prices reached their highest nominal levels since 2014, with NYH ULSD hitting $2.96/gal on February 14. Low refinery output and strong consumption drove the increase, and the ULSD-Brent crack spread averaged about $0.62/gal in February.

- Date: 2022-02-25 · published 2022-02-25T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/42893-eia-low-inventories-and-high-demand-boost-global-distillate-crack-spreads
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Tight distillate inventories and wide crack spreads keep diesel costs elevated, which raises fuel and freight expenses for feed-mill delivery and feed ingredient transport.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2026-10-28 | [US crude and distillate inventories fall, gasoline stocks rise, EIA says By Reuters](https://feedsoft.ai/events/271-us-crude-and-distillate-inventories-fall-gasoline-stocks-rise-eia-says-by.md) | -4.2% | — |
| DIESEL | 2022-11-10 | [Strong demand for diesel leads to high prices and tight inventories going into winter -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/38874-strong-demand-for-diesel-leads-to-high-prices-and-tight-inventories-going-into.md) | -7.4% | -30.6% |
| DIESEL | 2025-09-24 | [U.S. total distillate inventories forecast to end 2025 and 2026 at multiyear lows -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/23067-u-s-total-distillate-inventories-forecast-to-end-2025-and-2026-at-multiyear.md) | -0.1% | -5.3% |
| DIESEL | 2018-07-31 | [EIA: U.S. Distillate Fuel Inventories Are Low for This Time of Year - Fuels Market News](https://feedsoft.ai/events/64209-eia-u-s-distillate-fuel-inventories-are-low-for-this-time-of-year-fuels-market.md) | -1.4% | +2.2% |
| DIESEL | 2024-10-09 | [US crude stocks rose last week, fuel inventories dipped as demand surged, EIA says](https://feedsoft.ai/events/11688-us-crude-stocks-rose-last-week-fuel-inventories-dipped-as-demand-surged-eia-says.md) | -4.9% | +0.3% |

## Sources

- hydrocarbonengineering.com: https://www.hydrocarbonengineering.com/refining/25022022/eia-low-inventories-and-high-demand-boost-global-distillate-crack-spreads/

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