Global Commodities: US Truck Stop - The shift from petrodiesel to renewable diesel begins - a podcast by J.P. Morgan

Speakers 
Natasha Kaneva, Head of Global Oil and Commodities Research
Thomas Palmer, Vice President of US Food Producers and Food Retailers
This podcast was recorded on Apr 28, 2023.

Wholesale diesel price in NY Harbor fell 37% from year ago levels, spurring worries of an impending recession. But the weakness in the US demand for diesel—fuel used in everything from trucks to construction equipment—is not a new phenomenon. Similar to gasoline, we observe that American truckers have been driving more on less. Data show that while demand for petroleum diesel has stagnated, consumption of biofuels like biodiesel and renewable diesel has been growing. In 2022, biofuels accounted for 4% of total US diesel supply, a share that is projected to increase to 15% by 2030.
 
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