Thanks, Biden: Americans Should Expect Higher Diesel Prices, Lower Supply As Winter Nears

Thanks, Biden: Americans Should Expect Higher Diesel Prices, Lower Supply As Winter Nears

(Natural News) Americans ought to expect higher diesel prices as winter nears, given that the country’s inventory is at its lowest level since 2008.

According to an October 2022 report by the Energy Information Administration (EIA), the U.S. only had 25.4 days left of distillate supplies – which include diesel, jet fuel and heating oil. The report caused worry among analysts and experts, who feared a supply crunch that could cripple the economy.

Patrick De Haan, GasBuddy’s head of petroleum analysis told Newsweek that distillate supplies rose slightly to 26.0 days and inventories as of last week increased about 400,000 barrels, while the areas with the lowest inventories saw a well-needed rise in supplies as well.

Inventory is particularly low on the East Coast with the northeast experiencing the highest diesel prices, as per the Georgia-based major fuel supply and logistics company Mansfield Energy. Newsweek added that the southeast is reporting the worst supply outages.
  

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