# U.S. diesel cash prices latest to slump from coronavirus fallout - Oil & Gas 360

> U.S. ultra-low sulfur diesel cash prices slumped as refiners boosted output to escape weak margins on gasoline and jet fuel. Chicago diesel cash prices fell to 34 cents under heating oil futures, the lowest seasonally since at least 2011. Colonial Pipeline also cut gasoline and diesel volumes on lower demand.

- Date: 2020-03-23 · published 2020-03-23T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/54334-u-s-diesel-cash-prices-latest-to-slump-from-coronavirus-fallout-oil-and-gas-360
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Refiner overproduction of diesel as demand falls pushes regional cash prices lower, cutting fuel costs for trucking and farm operations. Weak diesel margins also reduce the incentive for refiners to keep running, which can limit future supply.

## Read by commodity

- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2020-03-23 | [From Asia to the U.S., fuel prices pummeled by coronavirus fallout](https://feedsoft.ai/events/54329-from-asia-to-the-u-s-fuel-prices-pummeled-by-coronavirus-fallout.md) | +6.2% | -11.8% |
| 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 | 2023-06-20 | [TODAY IN ENERGY: U.S. diesel prices have fallen below prices from before Russia’s invasion of Ukraine](https://feedsoft.ai/events/35679-today-in-energy-u-s-diesel-prices-have-fallen-below-prices-from-before-russia-s.md) | -3.8% | +1.6% |
| DIESEL | 2020-03-09 | [Shares sunk by coronavirus panic, oil prices plunge \| Reuters](https://feedsoft.ai/events/4641-shares-sunk-by-coronavirus-panic-oil-prices-plunge-reuters.md) | -17.1% | -21.9% |
| DIESEL | 2020-04-22 | [Oil’s collapse and its effect on diesel prices - FreightWaves](https://feedsoft.ai/events/53806-oil-s-collapse-and-its-effect-on-diesel-prices-freightwaves.md) | -15.4% | +28.7% |

## Sources

- oilandgas360.com: https://www.oilandgas360.com/u-s-diesel-cash-prices-latest-to-slump-from-coronavirus-fallout/
- world-energy.org: https://www.world-energy.org/article/7642.html

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