# Europe diesel dips to 3-month low as US refiners return | Air Freight News

> Europe's gasoil crack fell to $4.32 a barrel on March 11, its lowest since late November, as US refineries resumed operations after a freeze. Covid-19 lockdowns have kept European diesel demand well below seasonal norms.

- Date: 2021-03-11 · published 2021-03-11T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/48281-europe-diesel-dips-to-3-month-low-as-us-refiners-return-air-freight-news
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Reduced US import demand and a weaker European diesel margin signal softer diesel prices, which eases fuel costs for feed logistics.

## Read by commodity

- DIESEL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2021-03-17 | 1 | -4.0% | -3.1 | Europe's gasoil crack fell to a 3-month low as US refiners returned and lockdowns kept diesel demand weak, which points to softer diesel fundamentals in the days before the March 17 drop. |

## Sources

- airfreight.news: https://airfreight.news/articles/full/europe-diesel-dips-to-3-month-low-as-u.s-refiners-return

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