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The EIA projects higher distillate fuel consumption in 2017 and 2018 as US freight tonnage has risen year on year since October 2016. Diesel-engine freight is the main driver of middle-distillate demand.
Rising freight volumes point to stronger diesel demand, which supports prices if supply does not keep pace.
After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.