The Diesel Collapse Has Begun And It's Not The One They Warned About

US diesel hit the highest price ever recorded on September 21. Two weeks later it was falling, and consumption was 11% below normal in the peak month. That is not relief. On-highway diesel peaked at $6.529/gal, the highest in the series since it began in 1994, and fell to $6.199 by October 5. In the same week, distillate product supplied came in around 3.7 million b/d, roughly 11% below the usual October level, with the four-week average down about 6%. Inventories neither fell nor rebuilt, sitting 12-13% below the five-year average at about 105 million barrels. Refineries are producing 5.3 million b/d, the most in years, at 92.7% utilization with autumn maintenance deferred, and exporting 1.8 million b/d, near the record. Roughly a third of US diesel production is leaving the country during peak domestic demand. Sources: EIA Weekly Petroleum Status Report (week ending Oct 2, 2026); EIA Gasoline and Diesel Fuel Update; EIA refinery utilization and distillate stocks; EIA Short-Term Energy Outlook. #DieselPrices #EnergyCrisis #Economy