# Energy Indicators - Dallasfed.org

> US refinery utilization is rising as spring maintenance ends, reaching about 91% and roughly 94% seasonally adjusted, the highest since September 2018. Distillate cover is 7.3 days below the five-year average, and exports, especially diesel, are rising.

- Date: 2022-04-28 · published 2022-04-28T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/8174-energy-indicators-dallasfed-org
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

High refinery runs combined with low distillate stocks and strong export pull keep diesel supply tight, supporting prices for feed buyers facing high transport costs.

## Read by commodity

- DIESEL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2022-04-27 | 5 | +23.6% | 3.8 | Distillate cover 7.3 days below the five-year average with rising diesel exports confirms tight inventories, though higher refinery utilization is a partial offset. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2019-10-25 | [Diesel Draw Stokes IMO 2020 Concerns - Mansfield Energy](https://feedsoft.ai/events/56772-diesel-draw-stokes-imo-2020-concerns-mansfield-energy.md) | -5.5% | -2.3% |
| DIESEL | 2017-10-12 | [EIA: October Short-Term Energy Outlook - Mansfield Energy](https://feedsoft.ai/events/68646-eia-october-short-term-energy-outlook-mansfield-energy.md) | +1.1% | +7.4% |
| DIESEL | 2020-01-16 | [EIA Short-Term Energy Outlook - Fuels Market News](https://feedsoft.ai/events/55279-eia-short-term-energy-outlook-fuels-market-news.md) | -4.8% | -10.6% |
| DIESEL | 2024-10-04 | [Distillate fuel oil demand will increase in the fall because of the agricultural harvest -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/11686-distillate-fuel-oil-demand-will-increase-in-the-fall-because-of-the.md) | +2.4% | -2.8% |
| DIESEL | 2025-09-24 | [U.S. total distillate inventories forecast to end 2025 and 2026 at multiyear lows -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/23067-u-s-total-distillate-inventories-forecast-to-end-2025-and-2026-at-multiyear.md) | -0.1% | -5.3% |

## Sources

- dallasfed.org: https://www.dallasfed.org/research/energy/indicators/2022/en2203

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