Supplier warns Americans to brace for fuel shortage, higher prices: 'Some cities might run dry for d

[mystery-ak]

October 31, 2022 6:48pm EDT
US diesel supplier warns businesses to prepare for shortages, higher prices for consumers
Company suggests being aware of tank levels and not 'panic buying' fuel.

By Greg Wehner FOXBusiness

Fuel supplier Mansfield Energy is taking steps to prepare for a diesel shortage on the East Coast of the United States, issuing an advisory to businesses that rely on the fuel to plan rather than panic.

Last week, Mansfield Energy raised a red flag on the upcoming diesel fuel shortage in the southeastern region of the U.S., speculating it could be from "poor pipeline shipping economies" and a historically low supply of reserves.

On a normal day, the East Coast markets have 50 million barrels in storage, but right now, there are less than 25 million barrels available.

"A tight diesel supply will force prices to go up, which will eventually make it too expensive for some people," the company said in a press release on Monday. "High prices will bring demand back down enough that it balances with limited supply."

Mansfield warned that at the U.S. economy level, consumers may feel pain at the pump, but for businesses that rely on diesel for operations, supply will still be available.

"That is not to say there will not occasionally be situations where there is a true physical lack of products," the company said. "Some cities might run dry on diesel for a few days, at least at the terminal level. But the fuel supply chain is dynamic, and suppliers will rally to fill in any gaps in supply."

more

https://www.foxbusiness.com/economy/diesel-supplier-warns-businesses-prepare-shortages-higher-prices-consumers

[Smokin Joe]

Of course, the sheer stupidity of this is that for diesel and home heating oil, there is what is called inelastic demand.
Without a certain amount of heat, people die.
Without enough diesel to move goods by train or truck, people will have to do without.
Needless to say, that includes food.
High prices don't matter if you just. can't. get. it.
 
As the price of fuels necessary to transport goods go up, the price of those goods will go up, not on the basis necessarily of what it cost to ship the current load, but on the basis of what it is anticipated to cost to ship the next one.

After the midterms, it's anyone's guess, and the sky is the limit.

These shortages are a matter of policy, generated by the idiots in offices and administrative positions throughout the government.

It doesn't matter if the 'scoops' are out if there isn't enough energy to process the Soylent Green.