CommoditiesMedium•12 November 2026•
1 min read
US Diesel Stockpiles Plunge to Lowest Level Since 2003 Amid Supply Crunch
Key Facts
1U.S. distillate inventories reached 99.3 million barrels, the lowest weekly reading since May 2003.
2Diesel prices have increased by approximately 60% over the past year, reaching $6.13 per gallon.
3Geopolitical tensions in the Strait of Hormuz and strikes on Russian refineries are contributing to global supply tightness.
U.S. distillate inventories reached 99.3 million barrels, marking the lowest weekly reading since May 2003. Yahoo Finance reported that diesel prices have surged by approximately 60% over the past year, reaching $6.13 per gallon.
Geopolitical tensions in the Strait of Hormuz and strikes on Russian refineries are contributing to a tightening global supply outlook. This supply strain coincides with data released on November 12, 2026, showing a 4.657 million barrel increase in U.S. crude oil stocks according to the EIA weekly report.
Market participants are looking ahead to the U.S. Producer Price Index (PPI) release on November 13, 2026, with a forecast of 0.4% monthly growth, which may provide further direction on energy-driven inflation.