ARTICLE

Another Fuel Crisis On The Horizon? East Coast Diesel Stockpiles Hit Record Low

News Image By Tyler Durden/Activist Post May 6, 2022
Share this article:

We noted earlier this week, D (for Diesel)-Day quickly approaches, though it might already be here as U.S. East Coast distillate inventories plunge to a record low, according to new government data.

Weekly petroleum data from Energy Information Administration’s (EIA) Crude Oil Inventories show East Coast distillate inventories are at their lowest ever, dropping to just 22.4 million barrels.


Total U.S. distillate inventories have sunk to levels not seen since the last financial crisis.


One of the reasons for the drop is East Coast refinery capacity has plunged over the last decade, “leaving the region vulnerable to squeezes,” according to Bloomberg’s Javier Blas.

In the past 15 years, the number of refineries on the U.S. East coast has halved to just seven. The closures have reduced the region’s oil processing capacity to just 818,000 barrels per day, down from 1.64 million barrels per day in 2009. 


Total U.S. refinery utilization capacity has plunged from 96% in February to 86% at the end of April. Also, the U.S. has halted energy imports from Russia.

There’s also the issue that Gulf Coast refiners are prioritizing exports to Europe rather than increasing domestic supply, sending the price of diesel to a record high.


Diesel is used in trucks, tractors, freight trains, and power generation. Soaring prices will only exacerbate inflationary pressures.

Blas said: “The diesel shortfall is nearing crisis levels.”

Reality is starting to sink in about the worst inflation in four decades. Truckers have told the Dirty Jobs jobs guy Mike Rowe that it now costs $1,000 to fill up their fuel tanks.

Rowe said truckers aren’t buying the Biden administration’s narrative that Russia is responsible for soaring fuel prices.


With the U.S.’ busy travel season less than a month away and diesel inventories on the East Coast at record lows with refinery capacity in the region struggling, this could only suggest a fuel crisis could be nearing.

Originally published at Activist Post - reposted with permission.




Other News

April 29, 2025Industry Insider Explains Why The Coming Shortages Are Going To Be So Crazy

Container bookings are absolutely plummeting, and retail CEOs are warning that store shelves all over America will "soon be empty". In ma...

April 29, 2025Smarter Wars: How Israel’s AI Innovations Are Crushing Terror Networks

This is the future of warfare: speed, precision, and overwhelming tactical advantage delivered by AI-powered decision-making. Israel’s ene...

April 29, 2025Faith Under Siege: The Battle For Christian Families In American Schools

There is a growing national pattern where Christian students and families find themselves marginalized and punished for refusing to bow to...

April 29, 2025From Dry Bones To Living Nation: God's Prophetic Timetable

Those of us who take the Bible seriously know that the feasts of the Lord celebrated in Israel paint a prophetic picture of God's end-time...

April 26, 2025The Collapse Of U.S. Home Sales Could Bring Down The Entire Economy

This is a very difficult time for real estate agents and homeowners that are trying to sell their homes. Sales of previously-owned homes i...

April 26, 2025Wars And Rumor's Of Wars - India And Pakistan On The Brink

India and Pakistan both have nuclear weapons, and now they are on the verge of war. It is being reported that India is considering a mili...

April 26, 2025With All Eyes On Iran - Turkey Is The Real Danger To Israel

Experts are sounding the alarm over the shifting ground of Turkish President Recep Tayyip Erdogan's continued consolidation of power, supp...

Get Breaking News