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October 8, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--With the agricultural sector preparing for the autumn season's harvesting and transportation of crops, the demand and consumption of distillate fuel oil (which includes diesel) is set to increase across the U.S., according to the U.S. Energy Information Administration (EIA). Diesel is the most used fuel for U.S. farm equipment, but most diesel is consumed by the on-road transportation sector, which includes medium- and heavy-duty trucking, according to the EIA.
Industrial Info is tracking more than $1.2 billion worth of active and planned projects across the U.S. to produce distillate fuel oil, more than 70% of which is in Texas. Marathon Petroleum Corporation (NYSE:MPC) leads all other producers in its total investment, thanks to a single project.
Other companies featured: Delek US, Saudi Aramco, Motiva Enterprises LLC and Shell plc (NYSE:SHEL)
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