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. "What it does imply is that refiners have slowly, or over the . The US average for a gallon of diesel hit $5.34 in the week leading up to October 24, EIA data show. The country has about 25 days worth of diesel left, a level that's considered very low. Yes, I know in 1996, LSDF wasn't around yet. . The General Fund !!! Some speculate that if reserves arent built up by the end of November, there could be severe consequences similar to the European energy crisis. 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. I agree with the others here: vote Republican. The Energy Information Administration (EIA) announced that U.S. distillate inventory (including heating oil and diesel fuel) had 106.2 million barrels in the week ending October 14, which is about 20% below the 5-year average and a 25-day supply. 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. 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. toldthe New York Post last week. Normally this time of year, the supply would be around 35 to 40 days, according to CBS News. But reports have prompted some panic among consumers, leading them to buy in large quantities. Copyright 2021 Patriot Alerts, powered by Patriots for patriots. So we're producing about 400,000 more barrels per day than last year. Wholesale diesel prices at the New York spot market spiked . Now, after draining our emergency reserves to a 40-year low, Democrats want billions more of taxpayer dollars to refill the [Strategic Petroleum Reserve] at more than double the price, Sen. John Barrasso (R-Wyo.) In line with the law of supply and demand, that does have an effect on the consumer. Right now, were at about $5.33 for a national average, here in Kentucky were at $5.26, said Weaver Hawkins. With no drivers to deliver the fuel haulers, fuel . His head is so far up a certain body cavity , his mind has turned to crap . And with the holiday shopping season beginning and the supply chain already struggling, things will likely get worse before they get better. 2022Recurrent Ventures. The Pentagon should be all over Biden and his advisors to get our SPR where it belongs, full. Data provided by the Energy Information Administration (EIA) show that diesel stockpiles are at their lowest level for October in records that date back . Opinions expressed by Forbes Contributors are their own. 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. If they really think voting is going do all the work and fix all the deep problems created byall those entities than their dreaming! The sharp increase of diesel prices has been a major stressor in America's $800 billion trucking industry since the beginning of 2022. As the government has been focused on crude oil and gasoline, diesel gas supplies have drastically fallen to dangerously low levels. 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. According to U.S. Energy Information Administration (EIA), the average price of diesel is at $5.34 per gallon. This stock is also up over 200% for the year while the rest of the market has continued to struggle. Its the New World Order Idiots! In fact, analysts believe that the diesel shortages in 2022 will go all the way through 2023. My village got a quote for a small repair job using blacktop. I thought the Obama administration was the worst, but the Biden administration takes the cake. Many experts agree that soaring inflation will invariably worsen if fuel prices continue to rise. And once the. They have No Intention of Restocking Them ! When you deposit $100, well add an additional $100 to your account. President Biden recently announced that they would be releasing 15 million barrels of oil from the strategic reserve in December to increase the supply. Diesel Fuel Release Date: October 31, 2022 Next Release Date: November 7, 2022. The blacktop is derived from petroleum which our leaders have a war on!!! Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Amazing the lengths this corrupt administration will go to dismantle this country. All options would mean opening up drilling and fracking as well as getting off the backs of oil producers so they can go about the business of producing petroleum for this country. If you want to save our Country, vote red on 11/8/22! 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. With diesel prices going up, it will cost more to transport consumer goods, which means that inflation wont taper off anytime soon. 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. EIA datashowthat the United States, as of Oct. 14, has 25.4 days of supplydown from 34.2 days of supply four weeks prior. You can change your choices at any time by visiting your privacy controls. 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. But the world doesn't stop. Why? The refineries should be at maximum capacity, 24-7. May the black plague visit everyone that voted democrat. At the same time, the four-week rolling average of distillates supplied, a proxy for demand, rose to its highest seasonal level since 2007." 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. 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. Diesel prices are going up right now due to simple supply and demand issues. Another reason to vote republican. 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. The logistics industry has faced a driver shortage for many years. Valero is one of the top oil refineries as they manufacture and market transportation fuels. Why is there a. As Bloomberg noted this week, "The US has just 25 days of diesel supply, the lowest since 2008, according to the Energy Information Administration. .. 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. Weaver Hawkins says that would only be the case if diesel stopped being produced. Demand is also said to be. Even though theres a growing concern about switching over to cleaner energy sources, its important to note this transition wont be quick. But that metric has been misinterpreted by some. The guy is clearly incompetent and has been for many years. 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. They will go down as the worst administration in history. | 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 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. 2.] Restart drilling, pipelines etc NOW Speed up permits. Click on the conversation bubble to join the conversation, Q.ai - Powering a Personal Wealth Movement. YOURE BEING CONQUERED FROM THE INSIDE BY YOUR OWN PEOPLE!!! Gasoline Release Date: October 31, 2022 Next Release Date: November 7, 2022. It's classed as financially risky due to backwardation. 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. Please dont panic buy because that will upset the recovery as far as the supply and demand goes.. With Q.ais Inflation Kit, you could turn those inflation fears around with an Investment Kit that helps you profit from higher inflation. Reuters A customer uses a gas pump at a filling station in Falls Church, Virginia, U.S., October 20, 2022. The MSM Would have had a Field Day ! The Energy Information Administration has said the US has only 25 days left of diesel reserves and that was two weeks ago . 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. Biden is just a puppet. The U.S. has just 25 days of diesel supply in reserve, with some regional markets very tight. He doesnt have the right to do this but our crooked congress is letting him do whatever he wants, even get us into a war with Russia. Diesel shortage should not prompt panic, says AAA, Amber Alert canceled for 1-year-old boy out of Kentucky, Ky. based drug treatment center holds coat drive. 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. 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. Brian Deese says that all options are on the table to increase supplies. Well, we historically since, oh around 1996 have between 40-25 days stock reserves of <15ppm Diesel Fuel Oil. Experts also worry that diesel prices could tip the economy into a recession. Pedo joe is just their puppet. 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. If anyone still believes this was caused by incompetence theyre still dreaming. Send them over to nico.demattia@thedrive.com. The Russian invasion of Ukraine has drastically impacted global energy supplies as refinery closures and disruptions in the U.S. have recently caused issues with the supply of diesel gas at a time when demand is surging due to the changing seasons. 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. She points out that diesel price is especially important because it comes at a greater cost to the population than just the fill-up. SERIOUSLY! The area getting hit the hardest is New England, where people burn diesel fuel for heat more than anywhere else in the country. The company is also the second largest producer of renewable fuels, which means it will stay profitable if the world turns to renewable energy sources. The United States is down to 25 days ofdieselsupply as a top White House official declared the stockpile levels to be unacceptably low.. Currently, there are only 25 days of supply left, and that number is dropping fast. 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. Its also believed that refinery closures and disruptions are leading to this shortage of refined products like diesel gas. According to CNBC, U.S. diesel reserves at the end of October have never been so low since 1951,. 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. We're not. By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. Got tips? 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. CRUCIFY THE ENTIRE BIDEN CRIME FAMILY. Higher prices would only hurt consumer confidence as the threat of a recession looms large. Download Q.ai today for access to AI-powered investment strategies. Just another part of the Biden/Obama plan to DESTROY AMERICA, and turn the country into a Socialist/Marxist Dictatorship, with DemocRATs in total control FOREVER!!! Thats something to keep an eye because that impacts the goods we have delivered to retailers.. And that means oil companies can invest to ramp up production now, with confidence theyll be able to sell their oil to us at that price in the future: $70.. Technology, performance and design delivered to your inbox. With demand for diesel fuel at its highest point in over a decade, the Biden administration says nationwide supply is unacceptably low.. Posted by earlybird 10/24/2022 9:42:19 AM. The United States is experiencing a diesel shortage, particularly on the East Coast, as a result of multi-year low stockpiles and supply bottlenecks with reports suggesting that only 25 days of fuel is left in the nation's fuel bank. Shortages are now being reported in the Northeast due to the financial risks associated with getting oil from Houston to New York City via the pipeline, a process that can take 18 days. That shortage has made business more difficult and sometimes resulted in shipping delays but at the end of the day, deliveries still happen. At that time it was $1850. Policymakers have been focusing on crude oil prices to fight inflation, but it appears that the diesel gas shortage could offset this. Thing is, production is up. All rights reserved. USA has a Coup destroying the country and why cant people see it? "Inventories of diesel and gasoline are down below five-year averages, and if the entire world were to stop, we would have 25 days worth of diesel. A diesel gas shortage impacts many companies since the fuel is needed to transport goods across the country. As a transportation fuel, diesel fuel offers a wide range of performance, efficiency, and safety features. There, stockpiles of diesel fuel are a third of what they normally are at this time of the year. With diesel fuel and heating oil inventories running low, inflation will remain high for the foreseeable future. The United States has just 25 days of diesel supply and the shortage could impact how Americans vote at the upcoming midterm elections. WAKE UP, AMERICA!!!!!!!!!!!!!!!!! It will cause disruption.. 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. --- 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 . 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. Thankfully, according to Bloomberg, there may be some good news on the horizon. Gasoline and Diesel Fuel Update. I think its fukbama the muslem terrorist, piglosi and the rest of the communists are behind the destruction. 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. Here we are, on the brink of a possible war and our SPR is being depleted. Insider explains that the roots of this year's shortage stretch back to the pandemic, when. That's an increase of $1.67 per gallon, compared to this time last year. My God Im sick of Bidens efforts to cripple the industry into bankruptcy. This thing is a Huge coup!When are the American people going to RISE to take the COUNTRY BACK? Substantial diesel volumes come to the Northeast from the Gulf region via the Colonial Pipeline. Copyright 2022 WKYT. We have idiots running the country. 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. Funny thing is democrats get hungry too. Follow this author to stay notified about their latest stories. 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. Diesel keeps commerce and freight going because trucks, excavators, ships and freight trains need the energy source. At the same time, the four-week rolling . With diesel gas prices going up, Suncor stands to benefit as the stock is up almost 40% for 2022. Making wealth creation easy, accessible and transparent. So Weaver Hawkins warns against any panic buying because the problem will only worsen if this practice becomes widespread. And the sale of the reserves TO CHINA Where is the $MONEY$ Going ? While a lot of attention has been directed toward the prices of crude oil, diesel gas suddenly appears scarce as we head into the winter months. Demand is also said to be at. The move came afterthe International Organization of the Petroleum Exporting Countries Plus(OPEC+) announced that it would cut oil production. Diesel inventories are at the lowest seasonal level ever, heading into winter. Biden is going to ban the use of fossil fuels. Wholesale diesel prices at the New York spot marketspiked last weekto more than $200 per barrel. All these facts together tell us that, yes, there is a diesel shortage happening. Diesel fuel actually impacts more of your life than the gasoline price, Weaver Hawkins said. And much much more. 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. 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. It's even higher on the East Coast at $5.90, up 63% from the beginning of this year. We will continue to monitor the situation with diesel gas as its an urgent matter at this time. That's $1.62 higher than the same time last year, or about a 43% increase. Abortion! If diesel prices skyrocket, then the prices of the goods transported will also increase accordingly. What You Should be Doing Now to Prepare for a Possible Crisis It's also a massive price increase over the average cost of gasoline in the U.S. Prices, meanwhile, remain relatively elevated,accordingto AAA data. The Biden Administration has considered limiting fuel export to help with the supply and prices. Dollars. The diesel crunch comes just over two weeks before the November 2022 midterm elections and will likely drive up prices even more. And we have Slo Joe z Biden to thank for all of this . Were not running out in 25 days. Learn how your comment data is processed. Your email address will not be published. Add murder and Fraud,many other felonies. Average is around 30-32 days of stock. Pingback: BREAKING: US Has Only 25 Days of Diesel Supply; Shortage Could Cripple Economy | Flurry of Thoughts. 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. Who is stopping all of this????? THE DEMOCRAT/COMMUNISTS DID THIS DELIBERATELY AS ANOTHER MEANS TO DESTROY THE NATION FROM THE INSIDE. But Through the Liberal Media the Comments are . document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. 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. There are colossal supply and demand issues with diesel fuel right now. Drivers running on diesel are feeling the pain at the pump as a result of the shortage. Articles may contain affiliate links which enable us to share in the revenue of any purchases made. Most of the products we use are transported by trucks and trains with diesel engines, and most construction, farming, and military vehicles and equipment also have diesel engines, the EIAs website states. Judge needs to depose the all the Democrats in Congress and the White House. National Economic Council. De Haan said that normally, the country's supply is closer to the "low to mid 30s" in terms of the number. Demand is also said to be at its highest point since 2007, creating a dangerous supply/demand combination that's causing spikes in pricing. He said claims that the U.S. will run out of diesel fuel in 25 days are "completely inaccurate," explaining that the number is "used as an industry benchmark to look at overall supply and demand balances.". News Diesel Shortage Energy U.S. We are at 110 million.". Find out more about how we use your information in our privacy policy and cookie policy. The United States is down to 25 days of diesel supply as a top White House official declared the stockpile levels to be "unacceptably low.". Some cities might run dry on diesel for a few days, at least at the terminal level. Diesel is the fuel used by freight trains and commonly used by long-haul truckers to transport goods and food. Wait until their wives pay more for make up? Well, isnt this just swell. We may have a 25-day supply of diesel, but that doesnt mean in 25 days were going to run out of diesel, said Weaver Hawkins. One million barrels of diesel fuel is said to be headed to New York, after two shipping vessels were diverted from their original European destinations. Suncor has hiked up its dividend recently, making this an attractive stock for investors. Awhole lot of people need locked up for committing the highest treasonous acts. All Rights Reserved. This would mean prices would still go up and cause inflation to soar despite the aggressive rate hikes. Last week the job was done and the bill was just over$4000.! National Economic Council. Suncor produces synthetic crude from oil sands, a method thats unlike conventional oil production. Its more than demented Biden. Diesel fuel also has a greater energy density than other liquid fuels, so it provides more useful energy per unit of volume.. The United States is down to 25 days of diesel supply as a top White House official declared the stockpile levels to be "unacceptably low." 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. As Bloomberg noted this week, "The US has just 25 days of diesel supply, the lowest since 2008, according to the Energy Information Administration. crickets ! The company is working on producing renewable diesel by 2023 which would be a major game changer in this space. That is if he ever had a mind to begin with . According to the EIA, the average price of gasoline in the U.S. is $3.87 per gallon, with the most expensive region also being California, at $5.84 per gallon. As of. Haha. 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. Another, another failed disastrous policy from Biden who is the worst president in our history. Since diesel is the primary fuel source for trucks, rails and vessels that transport most consumer goods, its looking like the prices of these transported goods will also increase. Insider explains that the roots of this year's shortage stretch back to the pandemic, when. Let me guess its the Republicans fault , I mean they blame everything else on us so why not this problem. Deese said that "all options are on the table" to replenish U.S.. No theyre not! 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. Your email address will not be published. Obama, Soros and the ChiComs pull the strings. Where is John Wilkes Booth when his country needs him, Brain Dead Biden and his Brain Dead Administration are ALL IDIOTS POS. Ill say it again. Sorry folks, but when your goods and services cant be had because there are no trucks to get them to the stores, you will see how important abortion is in the grand scheme of things. 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. Theres not a need, said Weaver Hawkins. As the shortage of truck drivers continues, there may be a real threat of a gasoline shortage as well. Get this corrupt nut job out!!! Required fields are marked *. 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. Patrick De Haan, head of petroleum analysis at GasBuddy, agrees. According to DOE figures, the price per gallon of diesel has reached record highs a whopping $5.62 per gallon. Are they that stupid to not realize the hundreds of products that will never be made because they come from petroleum and THEY are against oil!
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