The Diesel Crisis Is Going Global

A perfect storm in global diesel markets is unfolding. Refining capacities are tight, and stockpiles are being depleted as the Northern Hemisphere cold season begins. Supply crunches could jeopardize critical transportation networks since the industrial fuel powers ships, trucks, and …

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Drivers To See Highest Thanksgiving Gasoline Prices Ever While Diesel-To-Gasoline Spread Soars (Food Prices UP 49% Under Biden, Diesel Prices UP 102%)

by confoundedinterest17 As Americans prepare to hit the road for Thanksgiving, average gas prices will be at their highest seasonal level ever, according to GasBuddy. GasBuddy says the national average is projected to stand at $3.68 on Thanksgiving Day. This is nearly …

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East Coast fuel markets are facing a diesel shortage

by BoatSurfer600 Mansfield is 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 Source Major Fuel Supplier On “Code Red” As Diesel Crisis Hits Southeast. “Diesel …

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EU Finalizes Ban On Gasoline And Diesel Cars From 2035

By Irina Slav The European Union has finalized an agreement to phase out internal combustion engine cars by 2035 by enforcing a zero-emission regulation on carmakers in the bloc. National government negotiators, the European Parliament, and the European Commission all …

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Diesel & Gasoline Shortage on US East Coast Is Latest Fuel Supply Crisis

The fuel crisis on America’s East Coast is deepening as terminals running low on diesel are now down on gasoline, too Regional gasoline stockpiles are the lowest since 2007 Backwardation limits resupply while imports have slowed https://www.bloomberg.com/news/articles/2022-10-26/gasoline-shortage-hits-us-east-coast-already-short-on-diesel?utm_content=energy&utm_source=twitter&utm_medium=social&utm_campaign=socialflow-organic&cmpid==socialflow-twitter-energy&leadSource=uverify%20wall

Biden’s Thanksgiving Feast! Candy UP 13.1% For Halloween, Turkey UP 73% As Diesel Prices (The Cost Of Shipping Goods) Is Up 102% Under Biden

by confoundedinterest17 Biden’s policies are making Halloween and Thanksgiving MUCH more expensive. The latest inflation figures released by the federal government show that the price of candy and chewing gum rose by 13.1% last month — the biggest jump ever recorded. And turkey prices …

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US Mortgage Rates Climb To 7.20% (Highest Since 2000) As Core Inflation And Diesel Prices Soar With The Fed Counterttacking (Mortgage Rates Likely To Rise To 9-9.25% By May 2023)

by confoundedinterest17 US 30-year mortgage rates rose to 7.20% yesterday, the highest rate since 2000. Why? Core inflation is rising and its the highest since 1992. Diesel prices, the all-important fuel for the transportation industry, is rising again after a brief …

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The Biden administration will not allow a foreign diesel ship to offload fuel to power Puerto Rico’s electric power plants despite the fact that one million Puerto Ricans are without power. The Jones Act was passed to placate unions and prohibits foreign ships from delivering fuel to US ports.

  The Biden administration is under increasing pressure to approve a federal waiver to permit a foreign diesel ship to enter a port in Puerto Rico, but administration officials have emphasized that they need to ensure the move would be …

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The Diesel Crisis Is Far From Over

By Charles Kennedy Despite expectations of an economic slowdown, diesel demand appears to be rising unabated. For some countries around the world, diesel shortages are already a reality, and European countries are racing to secure diesel ahead of the embargo on …

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