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| | | The U.S. is currently sitting at all-time high storage levels as reopening continues to progress slowly and refiners continue to dump jet fuel (for which demand is still down roughly 80%) into their diesel cuts. The release of EIA data showed total diesel inventories sitting at around 176 million barrels, more than 13% above historical norms for this time of year, and matching the all-time highs set in August 2010. | | | | |
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| | | Diesel is primarily consumed by the transport sector – think trains, trucks, barges, and boats – which are of course used to ship products to consumers. And while retail traffic is recovering as reopening progresses, there is still clearly a long way to go. | | | | | | | | Investing Breakout | | | | |
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