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.
No comments:
Post a Comment