Prolonged diesel shortages throughout the U.S. are improbable since the U.S. is a net exporter of diesel. U.S.-based diesel buyers can in theory simply offer to pay more than exporters for diesel, thus keeping the diesel supply in the U.S.
However, shortages may happen on the East Coast, where tight pipeline capacity creates supply bottlenecks. A 100-year-old shipping law, known as the Jones Act, also complicates the movement of domestic fuel and encourages producers on the Gulf Coast to favor diesel exports over supplying the domestic market.
Diesel Shortage Threatens To Boost Global Inflation And Undercut Growth
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I EXPERIMENTED TO FIND WHY THAT 1ST LINK DIDN'T WORK. THE # IN THIS ONE, ENDS IN A 1.
THE ORIGINAL LINK (BELOW) DOES NOT HAVE A 1 AT THE END OF IT. LOOKS LIKE THEY CORRECTED IT LOL ✔
Cash diesel; both on and off road, dropping fast.
Jan Heating oil closed 2.8798 lowest close since march 29
Jan Heating oil closed 2.8798 lowest close since march 29
Thanks cutworm!
YESTERDAY was the much lower close and potential bottom as we reversed higher today from the weather models turning MUCH colder in the East.
1. 1 day
2. 1 week
3. 1 month
4. 1 year
5. 10 years
6. Loooong time-40 years
https://tradingeconomics.com/commodity/heating-oil
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