The East Coast of the U.S. is reporting its lowest seasonal diesel inventory on record, rationing expected

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This crisis will affect everyone.

www.freightwaves.com/news/why-the-northeast-is-quietly-running-out-of-diesel
The East Coast typically stores around 62 million barrels of diesel during the month of May, according to Department of Energy data. But as of last Friday, that region of the U.S. is reporting under 52 million barrels.

The sharp increase of diesel prices has been a major stressor in America’s $800 billion trucking industry since the beginning of 2022. According to DOE figures, the price per gallon of diesel has reached record highs — a whopping $5.62 per gallon. It’s even higher on the East Coast at $5.90, up 63% from the beginning of this year.

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Along with Billions of taxpayer dollars Biden is sending fuel and oil to Europe so that the Biden and Pelosi family can continue to make money in Ukraine.

 

They continue to intentionally harm the supply chain.

This dude is a billionaire and owns a small refinery on the East coast along with hundreds of gas stations. He’s expecting rationing soon.

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RATIONING.

The refineries around the Gulf of Mexico are sending diesel to Europe to make a fast buck. They are making huge profits despite having to send 10 percent to the Biden crime family.

NYC Billionaire Catsimatidis Warns of Looming East Coast Diesel Rationing

www.bloomberg.com/news/articles/2022-05-11/nyc-billionaire-catsimatidis-warns-of-rationed-east-coast-diesel
-East Coast diesel stockpiles are the lowest on record
-Diesel prices have risen 16 straight days to a new record

East Coast stockpiles of the fuel have fallen to the lowest in data going back to 1990. National inventories stand at the lowest in 17 years as the US has become the world’s diesel supplier of choice. Fuel markets have been in disarray since growing bans against Russian products restricted one of Europe’s main suppliers of energy. With exports draining US tanks, the East Coast is feeling the pinch most acutely due to a lack of sufficient fuelmaking capacity there.

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h/t Doctor Congo

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