Goldman Warns US Diesel Supply Could Hit 20 Days by August as Stocks Sink to 2003 Low
Updated
Updated · Bloomberg · Jun 2
Goldman Warns US Diesel Supply Could Hit 20 Days by August as Stocks Sink to 2003 Low
2 articles · Updated · Bloomberg · Jun 2
US diesel inventories could fall to a critical 20 days of supply by August if current commercial stock declines continue, Goldman Sachs said.
Eight weeks of US oil stock draws have been the largest in history, Goldman commodities co-head Daan Struyven said, leaving diesel inventories at their lowest level since 2003.
The warning is tied to the near-complete closure of the Strait of Hormuz, which is tightening supply and accelerating the recent inventory drain.
An August crunch would signal a sharp deterioration in US distillate availability, extending pressure from a global shipping chokepoint into domestic fuel markets.
As America's diesel supply dwindles, which allied nations are most exposed to the coming fuel export crunch?
Beyond emergency reserves, how can the US permanently shield its economy from volatile global oil supply shocks?
The Hormuz crisis reveals global fragility. What is the next overlooked threat to our complex supply chains?
US Diesel Prices Surge 56% in 2026: Causes, Global Fallout, and the Road Ahead
Overview
US diesel prices have surged to $5.52 per gallon in May 2026, marking a 56% increase from the previous year. This sharp rise is straining consumers and pushing up the cost of goods across the economy, since most products rely on diesel-fueled transportation. While distillate stockpiles saw a small, unexpected increase, overall inventories of crude, gasoline, and distillates have generally declined due to strong demand. These trends highlight a growing crisis, as high diesel prices ripple through supply chains and everyday expenses, signaling deeper economic challenges ahead.