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Tag Archives: diesel
Fuel company issues diesel shortage warning, says conditions ‘rapidly devolving’
Fuel company issues diesel shortage warning, says conditions ‘rapidly devolving’ A major fuel supply and logistics company is raising a red flag on upcoming diesel foul shortages. Mansfield Energy issued the alert Friday stating there was a developing diesel fuel shortage in the southeastern region of the United States. The company speculated that the shortage could be generated from […]
East Coast retail diesel prices moving significantly higher than overall US hikes
East Coast retail diesel prices moving significantly higher than overall US hikes Extremely tight inventories are seen as the driving factor blowing out spreads with benchmark Gulf Coast market East Coast diesel prices are racing ahead of the rest of the country. Photo: Jim Allen/FreightWaves East Coast retail diesel prices are soaring relative to the […]
Major Fuel Supplier On “Code Red” As Diesel Crisis Hits Southeast
Major Fuel Supplier On “Code Red” As Diesel Crisis Hits Southeast Diesel supplies are very scarce across the Northeast and in the Southeast. Supplies are at the lowest seasonal level for this time of year, and the US only has 25 days left of the industrial fuel in storage. The crisis gripping the diesel market […]
Farm grade diesel shortage could threaten new crops
Farm grade diesel shortage could threaten new crops DOVER, Fla. — A tax-free diesel fuel shortage for farmers in Central Florida is threatening crops and could send prices for agriculture commodities skyrocketing by early next year. Farmers are reporting a shortage of diesel fuel from suppliers at the port, which is leading them to fuel […]
Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left
Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left For all the drama surrounding Biden’s latest Strategic Petroleum Reserve fiasco and his admin’s ridiculous idea to “stimulate” US energy producers to pump more oil because, you see, Biden promises to buy oil at some unknown point in the future […]
Sorry! Diesel prices are likely to climb again soon
Sorry! Diesel prices are likely to climb again soon Behind the scenes of why fuel is so expensive in 2022 Truck stops made record diesel profits this quarter. (Roger V. Solis/AP) For today’s MODES, I called up FreightWaves Editor-at-Large John Kingston to find out what the heck is happening with diesel prices recently. I learned a lot, […]
German Oil Refiner Observes “Run” On Diesel & Heating Oil, Halts Deliveries
German Oil Refiner Observes “Run” On Diesel & Heating Oil, Halts Deliveries The latest sign Europe’s energy problems are worsening is that Austrian oil and gas firm OMV AG halted crude product deliveries from storage facilities in Germany amid a “run” on supplies, Bloomberg reported. OMV Germany said two storage facilities in the southern part of the […]
Truckers warn skyrocketing diesel prices are making US supply-chain and trucking industry unsustainable
Truckers warn skyrocketing diesel prices are making US supply-chain and trucking industry unsustainable Truck passes sign at Flying J Truck Stop in Pearl, Miss., in April. The trucking industry offsets diesel prices through a fuel surcharge, which is calculated through a base rate that is usually added to a shipper’s freight bill.AP Photo/Rogelio V. Solis […]
Brent crude rises above $120 a barrel as UK fuel prices hit record highs
Brent crude rises above $120 a barrel as UK fuel prices hit record highs Price increases on global oil markets and at UK forecourts add to concerns about rising inflation and its impact Diesel prices in the UK hit a record 182.7p a litre on Saturday, taking the cost of filling up a 55-litre diesel […]
Now We Are Being Told To Expect Food And Diesel Shortages For The Foreseeable Future
Now We Are Being Told To Expect Food And Diesel Shortages For The Foreseeable Future If you think that the food and diesel shortages are bad now, then you will be absolutely horrified by what the globe is experiencing by the end of the year. All over the planet, food production is being crippled by […]
Gasoline & Diesel Prices Spike to New WTF Records, But Don’t Blame Crude Oil
Gasoline & Diesel Prices Spike to New WTF Records, But Don’t Blame Crude Oil Predictions a few weeks ago of peak gasoline prices have been obviated by the inflationary mindset. The average price of all grades of gasoline at the pump spiked to a record $4.33 per gallon on Monday, May 9, the third week in […]
“Diesel To Be Rationed On East Coast This Summer,” Warns US Oil Billionaire
“Diesel To Be Rationed On East Coast This Summer,” Warns US Oil Billionaire Billionaire refinery and fuel station owner John Catsimatidis warned that the East Coast might experience diesel shortages this summer as inventories hit multi-decade lows and refining capacity slumps. “I wouldn’t be surprised to see diesel being rationed on the East Coast this summer. […]
Major Trucking Firms Prepare For “Imminent Diesel Shortage In Eastern Half Of US”
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 […]
Widespread US Diesel Shortages Send Crack Spreads To Mindblowing Highs
Widespread US Diesel Shortages Send Crack Spreads To Mindblowing Highs Global stocks of refined petroleum products have fallen to critically low levels as refineries prove unable to keep up with surging demand especially for the diesel-like fuels used in manufacturing and freight transportation. The result has been a surge in prices refiners receive for selling […]
U.S. East Coast Diesel Supply Is Running on Fumes
U.S. East Coast Diesel Supply Is Running on Fumes The horizon south of the Statue of Liberty is interrupted by the silhouettes of several oil-tank farms. New York harbor is the home of Wall Street and financial wizardry, but it’s also the place where old-school oil traders still buy and sell refined petroleum products the […]
