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Low U.S. distillate consumption reflects slow economic activity and biofuel substitution
U.S. distillate consumption so far this year is lower than usual because of warm winter weather, reduced manufacturing activity, and continued substitution of biofuels in place of petroleum distillate on the U.S. West Coast (PADD 5). As reported in our Weekly Petroleum Status Report (WPSR), four-week average U.S. distillate consumption, which we track using product supplied, has been lower than the previous five-year (2019–23) range for most of 2024 (January 1 through April 19). Distillate fuel oil includes both the diesel fuel used in vehicles and home heating oil. Changes in product supplied from week to week can ... (full story)