Although there has been a lot of attention on crude oil, diesel gas issues could hurt us as much or more. 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. The General Fund !!! Where is John Wilkes Booth when his country needs him, Brain Dead Biden and his Brain Dead Administration are ALL IDIOTS POS. With diesel prices going up, it will cost more to transport consumer goods, which means that inflation wont taper off anytime soon. Save my name, email, and website in this browser for the next time I comment. The United States has just 25 days of diesel supply and the shortage could impact how Americans vote at the upcoming midterm elections. That does cause problems, Weaver Hawkins said. Ill say it again. As of. But the fuel supply chain is dynamic, and . Insider explains that the roots of this year's shortage stretch back to the pandemic, when. Required fields are marked *. 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.. That is if he ever had a mind to begin with . At that time it was $1850. 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. Your email address will not be published. Abortion! It's even higher on the East Coast at $5.90, up 63% from the beginning of this year. This is an act of ECONOMIC TREASON against We The People. 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. And the sale of the reserves TO CHINA Where is the $MONEY$ Going ? With diesel gas prices going up, Suncor stands to benefit as the stock is up almost 40% for 2022. I agree with the others here: vote Republican. 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. 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. According to the Energy Information Administration, the U.S. has now 25 days left of diesel supply, its lowest level since 2008. The logistics industry has faced a driver shortage for many years. Valero beat the earnings estimate for the third quarter, and the stock is up about 67% for 2022. 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. 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." "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. 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. 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. 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.". And much much more. Thing is, production is up. We are at 110 million.". We, Yahoo, are part of the Yahoo family of brands. The Biden Administration has considered limiting fuel export to help with the supply and prices. Opinions expressed by Forbes Contributors are their own. 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. But Through the Liberal Media the Comments are . End of September this year it was 30 days and as of last week it's 25. Its also believed that refinery closures and disruptions are leading to this shortage of refined products like diesel gas. The US average for a gallon of diesel hit $5.34 in the week leading up to October 24, EIA data show. Bloomberg reported that the U.S. diesel crisis is here and will spread across the East Coast, where there are transportation delays. Its disgusting. Many experts agree that soaring inflation will invariably worsen if fuel prices continue to rise. As a transportation fuel, diesel fuel offers a wide range of performance, efficiency, and safety features. WAKE UP, AMERICA!!!!!!!!!!!!!!!!! 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. 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. PBF is a petroleum refiner and supplier of transportation fuels, heating oils and other petroleum products. But the world doesn't stop. 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. Well, isnt this just swell. As the shortage of truck drivers continues, there may be a real threat of a gasoline shortage as well. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Got tips? The MSM Would have had a Field Day ! 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. Diesel Fuel Release Date: October 31, 2022 Next Release Date: November 7, 2022. Download Q.ai today for access to AI-powered investment strategies. Theres not a need, said Weaver Hawkins. 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. Brian Deese says that all options are on the table to increase supplies. The area getting hit the hardest is New England, where people burn diesel fuel for heat more than anywhere else in the country. It's classed as financially risky due to backwardation. Dollars. Were not running out in 25 days. 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.". How much are we producing? 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. Please dont panic buy because that will upset the recovery as far as the supply and demand goes.. 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. In fact, analysts believe that the diesel shortages in 2022 will go all the way through 2023. This thing is a Huge coup!When are the American people going to RISE to take the COUNTRY BACK? So we're producing about 400,000 more barrels per day than last year. Articles may contain affiliate links which enable us to share in the revenue of any purchases made. They have No Intention of Restocking Them ! 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.) That's an increase of $1.67 per gallon, compared to this time last year. CRUCIFY THE ENTIRE BIDEN CRIME FAMILY. Restart drilling, pipelines etc NOW Speed up permits. Drivers running on diesel are feeling the pain at the pump as a result of the shortage. Click Manage settings for more information and to manage your choices. Demand is also said to be. This would mean prices would still go up and cause inflation to soar despite the aggressive rate hikes. 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. With no drivers to deliver the fuel haulers, fuel . There are colossal supply and demand issues with diesel fuel right now. So Weaver Hawkins warns against any panic buying because the problem will only worsen if this practice becomes widespread. See list below for sectors and stocks most impacted by the shortage. Reuters A customer uses a gas pump at a filling station in Falls Church, Virginia, U.S., October 20, 2022. Your email address will not be published. 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. If anyone still believes this was caused by incompetence theyre still dreaming. Even though theres a growing concern about switching over to cleaner energy sources, its important to note this transition wont be quick. 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!!! The diesel crunch comes just over two weeks before the November 2022 midterm elections and will likely drive up prices even more. 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. "In terms of production of diesel," Mercogliano says, "we are above last year's 4.6 million barrels per day; currently producing 5 million barrels of day.". National Economic Council. Click on the conversation bubble to join the conversation, Q.ai - Powering a Personal Wealth Movement. 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. Experts also worry that diesel prices could tip the economy into a recession. All Rights Reserved. Obamas Las Vegas Rally a Last-Ditch Pitch to Keep Nevada Blue, China Seeks to Influence 2022 Midterm Elections: Cybersecurity Chief, JUST IN: United States Military Deployed to Ukraine, Police: NYC Bicyclist Fatally Shot While on the Way to Shoot Another Person, BREAKING: US Has Only 25 Days of Diesel Supply; Shortage Could Cripple Economy | Flurry of Thoughts, NYU Professor Warns Woke Colleges Not To Coddle Students And Apply A Little Tough Love Instead, Hunter Is Innocent: Jill Biden Defends Stepson Amid Potential Criminal Charges. 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. Weaver Hawkins says that would only be the case if diesel stopped being produced. Wait until their wives pay more for make up? According to DOE figures, the price per gallon of diesel has reached record highs a whopping $5.62 per gallon. Funny thing is democrats get hungry too. The diesel shortage has been building since the start of the . Diesel prices are going up right now due to simple supply and demand issues. Demand is also said to be at its highest point since 2007, creating a dangerous supply/demand combination that's causing spikes in pricing. This stock is also up over 200% for the year while the rest of the market has continued to struggle. With the holiday season approaching, this would mean that we could expect further increases in prices. 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. 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. NEXT: SOUTH BEND, Ind. If theres a shortage of diesel, we would see higher costs for everything in the economy, from transportation to construction, at a time when the Fed continues its aggressive rate hike campaign. The move came afterthe International Organization of the Petroleum Exporting Countries Plus(OPEC+) announced that it would cut oil production. 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! Long waits for diesel and concerns about supplies have China tapping its fuel reserves. Gasoline Release Date: October 31, 2022 Next Release Date: November 7, 2022. 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. According to CNBC, U.S. diesel reserves at the end of October have never been so low since 1951,. Biden is the worst FRAUD president in our history. Average is around 30-32 days of stock. YOURE BEING CONQUERED FROM THE INSIDE BY YOUR OWN PEOPLE!!! Posted by earlybird 10/24/2022 9:42:19 AM. Who is stopping all of this????? If diesel gas prices continue to go up, consumers will feel this impact as the prices of everything will continue to increase. Suncor has hiked up its dividend recently, making this an attractive stock for investors. 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. Normally this time of year, the supply would be around 35 to 40 days, according to CBS News. Copyright 2022 WKYT. They will go down as the worst administration in history. The Energy Information Administration has said the US has only 25 days left of diesel reserves and that was two weeks ago . Why? And once the. As Bloomberg noted this week, "The US has just 25 days of diesel supply, the lowest since 2008, according to the Energy Information Administration. "What it does imply is that refiners have slowly, or over the . We will continue to monitor the situation with diesel gas as its an urgent matter at this time. Demand is also said to be at. Wholesale diesel prices at the New York spot market spiked . As Bloomberg noted this week, "The US has just 25 days of diesel supply, the lowest since 2008, according to the Energy Information Administration. Pedo joe is just their puppet. Normally this time of year, the supply would be around 35 to 40 days, according to CBS News. Patrick De Haan, head of petroleum analysis at GasBuddy, agrees. Yes, I know in 1996, LSDF wasn't around yet. Since diesel fuel is similar to heating oil, the demand will skyrocket as the northern hemisphere enters the winter months where people will need oil to heat their homes. 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. Technology, performance and design delivered to your inbox. You can change your choices at any time by visiting your privacy controls.