# U.S. diesel stocks fall to lowest since 2003 as crude stocks drop

> The EIA reported that U.S. distillate stocks, including diesel and heating oil, fell 3.6 million barrels in the week ended Oct. 30 to 99.3 million barrels, the lowest since May 2003 and about 13% below the five-year seasonal norm. Commercial crude stocks dropped 865,000 barrels to 409.8 million, a fifth straight weekly decline, while refinery utilization rose to 94.5%.

- Date: 2026-11-04 · published 2026-11-04T21:07:54.687Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/80451-u-s-diesel-stocks-fall-to-lowest-since-2003-as-crude-stocks-drop
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Distillate stocks at a 23-year low ahead of the heating season tighten diesel supply and support diesel and crude prices, which feeds into farm fuel, trucking and fertilizer costs for feed producers.

## Read by commodity

- WTI: neutral
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2023-02-02 | [U.S. diesel stocks start the year critically low \| Reuters](https://feedsoft.ai/events/37501-u-s-diesel-stocks-start-the-year-critically-low-reuters.md) | -2.7% | -3.7% |
| DIESEL | 2022-09-28 | [Oil prices rise on surprise drop in U.S. crude, fuel stocks](https://feedsoft.ai/events/39763-oil-prices-rise-on-surprise-drop-in-u-s-crude-fuel-stocks.md) | +10.2% | +25.9% |
| DIESEL | 2018-10-25 | [US crude stocks rise as fuel inventories draw down](https://feedsoft.ai/events/12177-us-crude-stocks-rise-as-fuel-inventories-draw-down.md) | +0.5% | -12.1% |
| DIESEL | 2021-05-25 | [API shows crude, fuel stockpiles fall -sources](https://feedsoft.ai/events/47242-api-shows-crude-fuel-stockpiles-fall-sources.md) | +1.7% | +5.4% |
| DIESEL | 2024-10-09 | [US crude stocks rose last week, fuel inventories dipped as demand surged, EIA says](https://feedsoft.ai/events/11688-us-crude-stocks-rose-last-week-fuel-inventories-dipped-as-demand-surged-eia-says.md) | -4.9% | +0.3% |
| WTI | 2025-01-08 | [US crude stocks at Cushing fall to decade-low, fuel inventories surge, EIA says](https://feedsoft.ai/events/10349-us-crude-stocks-at-cushing-fall-to-decade-low-fuel-inventories-surge-eia-says.md) | +4.3% | -4.6% |
| WTI | 2018-10-25 | [US crude stocks rise as fuel inventories draw down](https://feedsoft.ai/events/12177-us-crude-stocks-rise-as-fuel-inventories-draw-down.md) | -2.0% | -18.3% |
| WTI | 2023-08-23 | [US crude stockpiles fall as refining runs hit 2020 high - EIA \| Reuters](https://feedsoft.ai/events/34755-us-crude-stockpiles-fall-as-refining-runs-hit-2020-high-eia-reuters.md) | +1.1% | +11.6% |

## Sources

- qz.com: https://qz.com/us-diesel-stocks-lowest-since-2003-crude-fifth-week-110426

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