This has everything to do with the Biden admin putting the kibosh on domestic energy production.
Since Biden took office, gas prices and home heating fuel have gone up, and now there’s growing concern about what could become a very serious diesel shortage.
On October 27, John Kemp, a senior market analyst specializing in oil and energy systems wrote in Reuters, “U.S. diesel supplies are becoming critically low with shortages and price spikes likely to occur in the next six months unless and until the economy and fuel consumption slow.”
Mansfield Energy, which supplies diesel for major companies has issued a warning that supplies are low and a shortage in various markets is increasingly likely.
This shortage in supply could affect supply chains already disrupted by global lockdowns in response to the COVID pandemic, and result in increased prices.
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 “poor pipeline shipping economies” and a historically low supply of diesel reserves.
“Poor pipeline shipping economics and historically low diesel inventories are combining to cause shortages in various markets throughout the Southeast,” the company said. “These have been occurring sporadically, with areas like Tennessee seeing particularly acute challenges.”
States that are expected to experience serious effects of the shortage include Maryland, Virginia, Alabama, Georgia, Tennessee, North Carolina and South Carolina.
Source: Fox Busineess
Mansfield issued a statement to the press stating, “Because conditions are rapidly devolving and market economics are changing significantly each day, Mansfield is moving to Alert Level 4 to address market volatility,” adding, “Mansfield is also 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.”
The closure of refineries in the U.S. in 2020 and 2021 has caused a significant drop in domestic production leading to shortages.
Of course, this means that the price of diesel has gone up. Even if Libs don’t like it, supply and demand affect prices.
While diesel dropped slightly on Monday to $5.309/gallon from $5.314 over the weekend, just like the price of gasoline, it’s gone way up since Biden took office. Fox Business reports, “One week ago, a gallon of diesel cost $5.326. A month ago, a gallon of diesel cost $4876. A year ago, a gallon of diesel cost $3.634.”
Fox Business host Stuart Varney covered the diesel shortage on his show on Monday morning.
The Biden admin is apparently monitoring the situation but has no plans to increase the supply of domestic oil.
Varney absolutely nailed it in his “My Take” Monday on “Varney & Co.”
It seems like this could be said about literally any policy position of Joe Biden.
Maybe electing a guy that was unimpressive for his entire 40-year career because the other guy posted “mean tweets” was a bad idea.
Check out Doug’s latest book, The Art of Joe: The Political Brilliance of President Biden. If you have left-leaning family members, workmates, or classmates, buy several copies and place them in common areas. Make sure you have your video camera ready for when they pick it up and thumb through it because they will be triggered which will make for a great viral video to share across social media. Also, buy a couple for the GOP NeverTrumpers that you know. Finally, both the book’s cover and the epilogue, Notable Quotable Joe are worth the price of admission. We’ve included before and after Biden on Afghanistan. Jen Psaki will no likey this book, but you will. BTW, the book is 95% bereft of any content. Just like Biden’s head.