US Diesel Demand Hits 26-Year Seasonal Low in March
Deteriorating Diesel Market Is Warning Signal That Broader Oil Demand Growth Could Be at Risk
U.S. diesel demand plummeted to its lowest seasonal level in 26 years in March, driven by slowing economic growth.
Product supplied of distillate — the fuel that powers trucking, heating and heavy industry — plunged to 3.67 million barrels a day, according to monthly data from the U.S. Energy Information Administration. That figure marks a downward revision from the agency’s previous estimates.
