But the fuel supply chain is dynamic, and . "What it does imply is that refiners have slowly, or over the . However, theres no clear indication this would solve, or substantively help, us with the diesel gas shortage. With Q.ais Inflation Kit, you could turn those inflation fears around with an Investment Kit that helps you profit from higher inflation. But the world doesn't stop. His head is so far up a certain body cavity , his mind has turned to crap . The diesel shortage comes after the Energy Information Administration said last week that the average household primarily using natural gas for space heating will likely spend $931 on power from October to March, marking a $206 increase since last year. Making wealth creation easy, accessible and transparent. Required fields are marked *. We have idiots running the country. Articles may contain affiliate links which enable us to share in the revenue of any purchases made. The Energy Information Administration (EIA) reported this week that, as of Oct. 14, the U.S. had only 25 days of reserve diesel supply, a low not seen since 2008. The Biden administration called the nationwide diesel supply "unacceptably low" and is looking at all options to build up the national supply to help reduce prices. Wait until their wives pay more for make up? No theyre not! As the Fed continues to fight inflation by raising interest rates, other factors are causing diesel prices to go up, which would then impact the costs of everything thats transported. Many experts agree that soaring inflation will invariably worsen if fuel prices continue to rise. Prices, meanwhile, remain relatively elevated,accordingto AAA data. De Haan said that normally, the country's supply is closer to the "low to mid 30s" in terms of the number. CRUCIFY THE ENTIRE BIDEN CRIME FAMILY. Those evil lying NGOS the Technocrats, mainly and Add the Bilderberg group,those in Vangusrd, Blackrock, Big Corporations, Big Pharma CIA, FBI, CDC, Hookins, All of Congress, Judges, military industrial complex,IMF and World Banks Rockefeller foundation. At that time it was $1850. YOURE BEING CONQUERED FROM THE INSIDE BY YOUR OWN PEOPLE!!! This would mean prices would still go up and cause inflation to soar despite the aggressive rate hikes. But Biden and his allies say that its not a political tactic, and the administration says it will refill the reserve when prices drop to $67$72 per barrel. As the government has been focused on crude oil and gasoline, diesel gas supplies have drastically fallen to dangerously low levels. The country has about 25 days worth of diesel left, a level that's considered very low. According to U.S. Energy Information Administration (EIA), the average price of diesel is at $5.34 per gallon. With the stubborn inflation numbers causing stock market sell-offs as the Fed continues to raise rates to attempt to cool down the economy, it isnt clear where to invest your money. Politics Diesel supplies in the U.S. are at their lowest level since 2008, raising concerns over the impact this could have on the country's economy. But that metric has been misinterpreted by some. If you vote democrat your nothing more than a communist socialist, and should be sent packing out of the United States of America, go live in a real communist country. Awhole lot of people need locked up for committing the highest treasonous acts. They will go down as the worst administration in history. Reporting that the Energy Information Administration (EIA) said that the U.S. had 25.4 days left of diesel supply as of October 14, Fox News host Tucker Carlson and many on social media rang. Data provided by the Energy Information Administration (EIA) show that diesel stockpiles are at their lowest level for October in records that date back to 1993, according to a Bloomberg News analysis. Who is stopping all of this????? PBF is a petroleum refiner and supplier of transportation fuels, heating oils and other petroleum products. The U.S. is facing a diesel crunch just as demand is surging ahead of winter with only 25 days of supply left, according to the Energy Information Administration. Patrick De Haan, head of petroleum analysis at GasBuddy, agrees. But Through the Liberal Media the Comments are . This is a direct attack on every single American struggling to fill their tanks and heat their homes., Williamthe voters in NYC realized that they had voted for an ignorant a self serving narcissist communist to represent their district. The US average for a gallon of diesel hit $5.34 in the week leading up to October 24, EIA data show. How much are we producing? That shortage has made business more difficult and sometimes resulted in shipping delays but at the end of the day, deliveries still happen. Please dont panic buy because that will upset the recovery as far as the supply and demand goes.. With additional concerns of prices going up even higher due to a diesel gas shortage, theres even more risk involved with investing in individual companies. The United States is down to 25 days ofdieselsupply as a top White House official declared the stockpile levels to be unacceptably low.. Normally this time of year, the supply would be around 35 to 40 days, according to CBS News. There are also disruptions to the global markets being caused by the Russia-Ukraine conflict and the current lockdowns in China. Were not running out in 25 days. The FBI and DOJ and IRS will be dismantled, the corrupt DOJ thinks they have Trump in a crime, they have been trying for years to get something on him, hes clean, not a dirty scumbag like those in DC, You can thank Biden for this along with everything else. Why? She points out that diesel price is especially important because it comes at a greater cost to the population than just the fill-up. They have No Intention of Restocking Them ! Brian Deese says that all options are on the table to increase supplies. As the shortage of truck drivers continues, there may be a real threat of a gasoline shortage as well. When we looked at stock market winners, we discovered that many oil companies were doing exceptionally well in 2022. Be careful who you put in charge of the pantry, they just might give it all away to the idiot neighbors. With no drivers to deliver the fuel haulers, fuel . Abortion! .. Your email address will not be published. The price of diesel hit a record high of $5.816 per gallon in June, and theres a chance that it could go higher if we have a cold winter or if the European energy crisis gets worse both of which are still undetermined as of the time of this writing. This thing is a Huge coup!When are the American people going to RISE to take the COUNTRY BACK? toldthe New York Post last week. That figures the byden is trying to force everybody to go electric to overwhelm the power grid, they just are not thinking about other ways to get power.bthere are groups that are working on fusion power which would be great there is also nuclear power would be very good, solarvandcwindcjustvare not ready for prime time as of yet, there are better ways, but for transportation of goods the best way is stillmbybrailmand truck and those require diesel fuel and when we run out well you can say goodbye to food on the shelves and many other needs. If diesel gas prices continue to go up, consumers will feel this impact as the prices of everything will continue to increase. Substantial diesel volumes come to the Northeast from the Gulf region via the Colonial Pipeline. The Pentagon should be all over Biden and his advisors to get our SPR where it belongs, full. The MSM Would have had a Field Day ! All rights reserved. We will continue to monitor the situation with diesel gas as its an urgent matter at this time. The guy is clearly incompetent and has been for many years. Diesel keeps commerce and freight going because trucks, excavators, ships and freight trains need the energy source. However, the highest cost of diesel fuel is in California, where the average cost is almost $6.50 per gallon, an increase of almost $2.00 per gallon over this time last year. Click Manage settings for more information and to manage your choices. crickets ! This is an act of ECONOMIC TREASON against We The People. The Organization of the Petroleum Exporting Countries (OPEC) expected the global demand to rise 100.8 million barrels per day in 2022, while daily production only increased 400,000 barrels. Some cities might run dry on diesel for a few days, at least at the terminal level. With our unique Portfolio Protection feature, you can protect yourself further against continued volatility and unforgiving downturns. It comes as the Biden administration recently announced it would release another 15 million barrels of oil from the U.S. Strategic Petroleum Reserve, part of the 180 million Biden authorized in March, that Republicans say is a bid to keep Democrats politically afloat ahead of the midterms. We're not. NEXT: SOUTH BEND, Ind. According to DOE figures, the price per gallon of diesel has reached record highs a whopping $5.62 per gallon. Long waits for diesel and concerns about supplies have China tapping its fuel reserves. Get this corrupt nut job out!!! Part of the reason for the diesel supply shortage is maintenance season but the bigger issue is Russia's war in Ukraine, which has hurt global fuel supplies. As of. According to CNBC, U.S. diesel reserves at the end of October have never been so low since 1951,. We are at 110 million.". At the same time, a Trainer, Pennsylvania-based diesel refinery is coming back online after its seasonal maintenance, which will help increase diesel production in the U.S. Hopefully those two things can help return the diesel stockpile to normal-ish levels, at least temporarily. What You Should be Doing Now to Prepare for a Possible Crisis With difficulties in prices also increasing, it's becoming increasingly difficult to prepare for shortages that appear to be extending throughout the rest of this year. USA has a Coup destroying the country and why cant people see it? National Economic Council Director Brian Deese told Bloomberg TV Wednesday that that diesel inventories are "unacceptably low" and "all options are on the table" to build supplies and reduce. Funny thing is democrats get hungry too. Judge needs to depose the all the Democrats in Congress and the White House. Valero beat the earnings estimate for the third quarter, and the stock is up about 67% for 2022. She says diesel producers are trying to play catch-up to reach a normal supply of between 35 and 40 days, after so many refineries shut down during the pandemic. There are colossal supply and demand issues with diesel fuel right now. We will be watching to see if limits are imposed on the export of U.S. oil and natural gas, as this would impact earnings. National Economic Council Director Brian Deese, a top adviser to PresidentJoe Biden, told Bloomberg News last week that current diesel levels are unacceptably low and that all options are on the table to increase supplies. I agree with the others here: vote Republican. Demand is also said to be. --- The U.S. is facing a nationwide diesel shortage due to many factors including refinery outages, long-lasting effects of Covid, and the war between Russia and Ukraine . Click on the conversation bubble to join the conversation, Q.ai - Powering a Personal Wealth Movement. Its important to note that this fuel is used for heating and trucking, which is generally required to keep the economy going, especially in winter. Thankfully, according to Bloomberg, there may be some good news on the horizon. And the sale of the reserves TO CHINA Where is the $MONEY$ Going ? And much much more. The Energy Information Administration (EIA) has stated that the U.S. now only has 25 days worth of diesel supply left, which is a dangerously low level. Even though theres a growing concern about switching over to cleaner energy sources, its important to note this transition wont be quick. 2022Recurrent Ventures. But reports have prompted some panic among consumers, leading them to buy in large quantities. Well, we historically since, oh around 1996 have between 40-25 days stock reserves of <15ppm Diesel Fuel Oil. LEXINGTON, Ky. (WKYT) - Lori Weaver Hawkins with AAA says the country currently has about a 25-day supply of diesel. Let me guess its the Republicans fault , I mean they blame everything else on us so why not this problem. While there has been plenty of buzz about the European energy crisis and the growth prospects of electric vehicles, we cant ignore that diesel is the primary fuel source for power trucks, rails and vessels transporting consumer goods. Download Q.ai today for access to AI-powered investment strategies. That does cause problems, Weaver Hawkins said. | Diesel stockpiles in the U.S. are reportedly at their lowest point since 2008, with only enough fuel for a 25-day supply, according to a recent report from Bloomberg. The diesel gas shortage could pose many challenges if the refineries dont increase capacity or if we dont find ways to replenish supplies. The sharp increase of diesel prices has been a major stressor in America's $800 billion trucking industry since the beginning of 2022. National Economic Council. These are the industries most impacted by a diesel gas shortage: Its fair to say that stocks in any of these industries could be impacted by the diesel gas shortage if they cant get the goods out on time or if they have to raise prices. Send them over to nico.demattia@thedrive.com. National Economic Council. Bloomberg reported that the U.S. diesel crisis is here and will spread across the East Coast, where there are transportation delays. Its also believed that refinery closures and disruptions are leading to this shortage of refined products like diesel gas. That's an increase of $1.67 per gallon, compared to this time last year. Copyright 2022 WKYT. It's classed as financially risky due to backwardation. Another reason to vote republican. The United States has just 25 days of diesel supply and the shortage could impact how Americans vote at the upcoming midterm elections. Amazing the lengths this corrupt administration will go to dismantle this country. Goldman Sachs has warned that the governments focus on fighting higher energy prices has only been on crude prices, even though that has little impact on what customers have to pay for. And we have Slo Joe z Biden to thank for all of this . We, Yahoo, are part of the Yahoo family of brands. Technology, performance and design delivered to your inbox. The area getting hit the hardest is New England, where people burn diesel fuel for heat more than anywhere else in the country. According to the Energy Information Administration, the U.S. has now 25 days left of diesel supply, its lowest level since 2008. At the same time, the four-week rolling average of distillates supplied, a proxy for demand, rose to its highest seasonal level since 2007." That's $1.62 higher than the same time last year, or about a 43% increase. These low distillate inventories are why diesel prices are above $5.00 a gallon nationwide, even though the nationwide average price for gasoline has dropped below $4.00 a gallon. Diesel stockpiles in the U.S. are reportedly at their lowest point since 2008, with only enough fuel for a 25-day supply, according to a recent report from Bloomberg. The average price for a gallon of diesel stands at around $5.33 nationwide, or up nearly $2 since the same time in 2021, the data shows. The United States government is going to purchase oil to refill the Strategic Petroleum Reserve when prices fall to $70 a barrel, Biden said on Oct. 19. It will cause disruption.. All Rights Reserved. The supply issues are being caused partly due to the embargo on Russian oil and because the refining capacity in the U.S. has dropped over the past few years. Demand is also said to be at. Ah well, a life lesson or too is a good thing. It's also a massive price increase over the average cost of gasoline in the U.S. Diesel prices are going up right now due to simple supply and demand issues. Find out more about how we use your information in our privacy policy and cookie policy. Save my name, email, and website in this browser for the next time I comment.