Diesel Shortage Spreads Across East Coast as Goldman Sachs Issues Warning
10/26/2022
A diesel fuel shortage is spreading across the eastern United States as one company has launched an emergency delivery rule.
Mansfield Energy is now requiring a 72-hour notice for deliveries to obtain freight and fuel ‘because conditions are rapidly devolving,’ the firm told customers, according to Bloomberg News.
Fuel prices are running 30 to 80 cents higher than the market average, the firm said.
‘At times, carriers are having to visit multiple terminals to find supply, which delays deliveries and strains local trucking capacity,’ the note said, referring to the market in Tennessee, which is ‘seeing particularly acute challenges’ …
Recent provided by the U.S. Energy Information Administration (EIA) show that diesel stockpiles are at their lowest level for October in records that date back to 2008.
The United States had about 25 days of supply as of Oct. 14.”
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