“America is running out of diesel fuel. Here’s why it matters to consumers”
October 31, 2022
“While gasoline prices have moderated since hitting their record high in June, the price of diesel fuel has stubbornly remained above $5 a gallon. AAA’s daily fuel price survey puts the national average price at $5.30 a gallon, 43 cents a gallon more than a month ago.
Even people who drive electric cars should be paying attention. The higher cost of diesel fuel makes every truckload of groceries more expensive to deliver, costs that eventually will be reflected in higher prices at the checkout counter...
25-day supply
Adding a sense of urgency to the report, the EIA estimated the U.S. had only a 25-day supply of distillates on hand, raising the possibility of shortages before the end of the year. A shortage of diesel fuel could result in fewer deliveries of the products consumers purchase every day…”
It’s important to note we have less than 25 days now before there’s a possible supply shortage. This is bad, real bad. Get ready for higher food prices.