Diesel shortage

[furrowtickler]

Lots of chatter going on about a major diesel shortage . Anyone got real time numbers ?
Been a lot of disruptions at refineries in several locations around the world the past 3 months, some natural some not .

[shtferbrains]

Seems the diesel shortage and general euro like energy crisis is centered on the US East coast Boston/New York city due to some non-tarriff barrier called the jones act that results in all the diesel being imported.
May be high prices elsewhere but unlikely to be any actual zero inventory situations.
DYOD
Hard to get a real feel for what's going on with everyone running around with their hair on fire.

[BTO780]

Better start stocking up on everything from soup to nuts and bolts.

Shortages, shortages, blah, blah, blah.

Buy, buy, buy …. Pretty soon will be saying bye, bye, bye.

[woodland]

At $1.44 for dyed diesel today there’s something fishy going on. Of course our tanks have to get low now. 🤨

Not sure to buy this week or procrastinate to next week? Running low or out with cows around isn’t an option………..

[biglentil]

I filled up.

[errolanderson]

OPEC is gradually losing control and manipulation of the oil market. Global oil demand is in-decline.

Overall price trend remains down (in my view). Major support appears to be around $65 per barrel, but when? This is apt to trigger in-fighting within the cartel . . . .

[Templeboy]

this is from Gas Buddy OCT 26, Peter Schiff also talked about 25 days supply of diesel left

"DISTILLATE (DIESEL, HEATING OIL) INVENTORIES:
Distillate inventories increased by 0.2 million barrels to a total of 106.4 MMbbl. At 106.4 MMbbl, inventories are down 18.6 MMbbl, or 14.9% lower vs. a year ago. Distillate inventories stand about 20% below the five-year average for this time of year."

apparently refined diesel used to come to the North America from Russia and Europe.

[errolanderson]

Push for gasoline production (at the expense of diesel) especially heading into U.S. Midterms. Once rebalance of gas/diesel production, diesel supplies should loosen and prices drop. My opinion . . . .

[furrowtickler]

I hope your right Errol

https://youtu.be/gqVMaD7pX9Y

Again time will tell how this shakes out

[biglentil]

Its shaking alright