Monday, October 24, 2022

Diesel Shortage Leaves US With Just 25-Day Supply as Demand Surges: Report

 Diesel Stockspiles

  • Diesel stockpiles in the U.S. are reportedly at their lowest point since 2008, with only enough fuel for a 25-day supply
  • Demand is also at its highest point since 2007, creating a dangerous supply/demand combination that's causing spikes in pricing
  • The Biden administration called the nationwide diesel supply "unacceptably low" and is looking at all options to build up the national supply

There is some good news on the horizon

  • One million barrels of diesel fuel is headed to New York, after two shipping vessels were diverted from their original European destinations
  • A Trainer, Pennsylvania-based diesel refinery is coming back online after seasonal maintenance, which will help increase diesel production in the U.S.

https://www.thedrive.com/news/diesel-shortage-leaves-us-with-just-25-day-supply-as-demand-surges-report

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