Diesel Supply Of Just 25 Days Lowest Since ’08, Prices To Soar More

  • Diesel demand is surging in the US while supplies remain at the lowest seasonal level ever, according to government data released Wednesday.
  • The shortage of the fuel used for heating and trucking is a key worry for the Biden administration heading into winter — and ahead of the November election.
  • National Economic Council Director Brian Deese told Bloomberg TV Wednesday that that diesel inventories are “unacceptably low” and “all options are on the table” to build supplies and reduce retail prices.
  • The US is has just 25 days of diesel supply, the lowest since 2008, according to the Energy Information Administration.

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