Friday, May 13, 2022

A Major Trucking Firms Prepare for “Imminent Diesel Shortage in Eastern Half of US”

Major trucking fleets across the eastern half of the US are preparing for an "imminent" diesel shortage, according to logistics firm FreightWaves. Founder and CEO of FreightWaves Craig Fuller said "3 very large fleets" are preparing for diesel pumps at fuel stations to run dry. Drivers of these fleets received notifications about fuel shortages that could materialize in the coming weeks across the Mid-Atlantic and Northeast regions. ... also tweeted what appears to be an unnamed industry insider explaining the historic mess hitting Mid-Atlantic and Northeast markets is a combination of crude being diverted from the US to Europe and supply chains issues along the East Coast.

On Wednesday, DOE showed US diesel inventories are now 23% below the five-year average for this time of year, at their lowest since May 2005.

1 comment:

Anonymous said...

Has Biden said anything about helping to speed up the Keystone pipeline? Last I heard the project was stalled by some federal issue.

Ewin Barnett