It should be obvious to most here by now. IF our government can inflict more pain it will do it!
The diesel shortage is real and the supplies on hand are getting smaller. The rail strike that was on then off is on again, not that it will matter much with no diesel to run the locomotives.
I happened into a 7/11 this last weekend and was struck by the widespread shortage of a variety of products store wide. I’m not exaggerating when I say their shelves were 1/2 empty. It was just a small personal “canary in the cave” moment but one I’m quite certain is going to become norm for all of us soon at all stores!
A shortage of diesel fuel is spreading across the United States, with one company launching an emergency delivery protocol, requesting a 72-hour advance notice from clients to be able to make the delivery.
Per a Bloomberg report, fuel supplier Mansfield Energy wrote in a note to its clients that “conditions are rapidly devolving” and “At times, carriers are having to visit multiple terminals to find supply, which delays deliveries and strains local trucking capacity.”
This looks like our last chance before the real pain sets in…please, protect yourself and your families…
Mansfield said some truckers are having to make multiple stops, looking for fuel, which ultimately can delay deliveries to your neighborhood. The average price for diesel in Georgia right now is $4.90 according to AAA. So, $4.19 was a deal for truckers at this southeast Atlanta gas station. However, that average is $1 more per gallon than this time a year ago.
“I’ve been hearing in California like $7, that’s what would worry me but $4.19, it doesn’t really bother me,” said another trucker.
Surrounding states have higher prices, with Florida being well over $5.00 a gallon. Mansfield said supply is tight in many areas. The actual price for diesel is 30 to 80 cents higher than the reported market average.
Because conditions are rapidly devolving and market economics are changing significantly each day, Mansfield is moving to Alert Level 4 to address market volatility. Mansfield is also moving the Southeast to Code Red, requesting 72 hour notice for deliveries when possible to ensure fuel and freight can be secured at economical levels.
MORE THAN 300 GROUPS WARN RAIL STRIKE COULD SHUTDOWN ENTIRE FREIGHT RAIL SYSTEM, URGE BIDEN INVOLVEMENT -LETTER
— First Squawk (@FirstSquawk) October 27, 2022
A perfect storm is taking place in the diesel market, with dwindling diesel reserves, a drought on the Mississippi River pushing more product to rail and truck, and a possible rail strike leading to a surge in prices that is expected to continue.t.co/KTnbm30gi5
— The Silent Majority (@siIentmajority) October 30, 2022