# US DATA: EIA says Gulf Coast diesel stocks build to record high

> EIA data showed Gulf Coast ULSD diesel stocks rose 1.19 million barrels to 54.69 million barrels in the week ended July 31, the highest since EIA began recording the series in 2004. Midwest stocks also built to near a two-month high.

- Date: 2020-08-05 · published 2020-08-05T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/51799-us-data-eia-says-gulf-coast-diesel-stocks-build-to-record-high
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Record regional diesel inventories point to ample supply and downward pressure on diesel prices, which lowers transport costs for feed mills.

## Read by commodity

- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2024-01-10 | [US oil stockpiles rise more than forecast, distillates build to Sept 2021 high -EIA \| Reuters](https://feedsoft.ai/events/32307-us-oil-stockpiles-rise-more-than-forecast-distillates-build-to-sept-2021-high.md) | +0.0% | +6.3% |
| DIESEL | 2025-02-26 | [US crude stockpiles fall as refining picks up, fuel inventories build, EIA says \| Reuters](https://feedsoft.ai/events/26245-us-crude-stockpiles-fall-as-refining-picks-up-fuel-inventories-build-eia-says.md) | -4.0% | -4.1% |
| DIESEL | 2018-09-19 | [U.S. Midwest distillate stocks reach record high ahead of harvest \| Reuters](https://feedsoft.ai/events/63226-u-s-midwest-distillate-stocks-reach-record-high-ahead-of-harvest-reuters.md) | +3.1% | +4.7% |
| DIESEL | 2024-05-31 | [US diesel demand for March hits 26-year seasonal low, EIA says](https://feedsoft.ai/events/30447-us-diesel-demand-for-march-hits-26-year-seasonal-low-eia-says.md) | -0.7% | +6.4% |
| DIESEL | 2020-07-28 | [National diesel average falls for second straight week, according to EIA data - Logistics Management](https://feedsoft.ai/events/52311-national-diesel-average-falls-for-second-straight-week-according-to-eia-data.md) | -1.6% | -1.4% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/crude-oil/080520-us-data-eia-says-gulf-coast-diesel-stocks-build-to-record-high

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