# U.S. diesel market starts to show weakness, follows gasoline

> The US diesel market is weakening as the COVID-19 downturn cuts demand, with the four-week average product supplied near 3.9 million b/d, the lowest for early April since 2016. Weekly diesel demand fell 28% and diesel refining margins dropped to $18.43 per barrel.

- Date: 2020-04-17 · published 2020-04-17T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/53808-u-s-diesel-market-starts-to-show-weakness-follows-gasoline
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Falling diesel consumption and refining margins point to lower diesel prices and reduced refinery runs, a bearish signal for distillate-linked energy costs.

## Read by commodity

- DIESEL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2020-04-24 | 5 | -28.6% | -7.0 | Weak US diesel demand (down 28% weekly) and shrinking refining margins gave a fundamental demand-side reason for diesel to fall. |
| DIESEL | 2020-04-20 | 1 | -12.7% | -4.1 | Weak US diesel demand and shrinking refining margins before the move reflected a fundamental demand backdrop that left diesel vulnerable to the crude shock. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2022-12-09 | [U.S. diesel stocks start to normalise as economy slows](https://feedsoft.ai/events/38425-u-s-diesel-stocks-start-to-normalise-as-economy-slows.md) | +14.5% | +6.9% |
| DIESEL | 2024-11-19 | [What do Diesel and Gasoline Tell us About Oil Prices?](https://feedsoft.ai/events/27582-what-do-diesel-and-gasoline-tell-us-about-oil-prices.md) | -0.7% | -1.3% |
| DIESEL | 2020-01-28 | [Diesel Fuel Market Stable as IMO Mandate Takes Hold - TT](https://feedsoft.ai/events/55257-diesel-fuel-market-stable-as-imo-mandate-takes-hold-tt.md) | -5.8% | -6.1% |
| DIESEL | 2025-12-10 | [Diesel Futures Slide as ULSD Market Weakens and Inventories Rise Across Global Oil Markets - oftrb.com](https://feedsoft.ai/events/21714-diesel-futures-slide-as-ulsd-market-weakens-and-inventories-rise-across-global.md) | -5.9% | -6.3% |
| DIESEL | 2022-07-08 | [Global diesel demand starts to slacken as economy falters \| Reuters](https://feedsoft.ai/events/11245-global-diesel-demand-starts-to-slacken-as-economy-falters-reuters.md) | -0.3% | -10.3% |

## Sources

- hydrocarbonprocessing.com: https://hydrocarbonprocessing.com/news/2020/04/us-diesel-market-starts-to-show-weakness-follows-gasoline/

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