US East Coast Diesel Stockpiles Hit Record Low As Fuel Crisis Nears

by | May 5, 2022 | Headline News | 5 comments

Do you LOVE America?


    This article was originally published by Tyler Durden at ZeroHedge. 

    We noted Tuesday evening, 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. -Blas

    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 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.


    It Took 22 Years to Get to This Point

    Gold has been the right asset with which to save your funds in this millennium that began 23 years ago.

    Free Exclusive Report
    The inevitable Breakout – The two w’s

      Related Articles


      Join the conversation!

      It’s 100% free and your personal information will never be sold or shared online.


      1. This could result in some serious inconveniences for the people living there.


        • Serious for everyone, commodities inflation also as if you didn’t notice that.
          But Russia.. Russia Russia I can’t believe people believe the lies but I’m not surprised the left keeps spewing that same old bs.
          Same old “Problem, Reaction, Solution” somehow through wealth redistribution.

      2. Better have F for Food day cause it’s coming.
        The potato in chief, the WHO, the UN, and the EU all say the same bloody thing. It’s wise to listen to these vermin, after all they tell you what’s coming next in advance. They call it mocking the constituents after all! See Event 201 with kill gates of hell and Klaus Barby Schnob for a prime example of advance warning.

      3. Mac Slavo & Tyler Durden stay on top of these situations folks. The diesel-story is similar to the-canary-in-the-coal-mine indicator of many shortages to come. This “sit-rep” story helps those of us that prep to anticipate other events coming our way. The normalcy-bias should not rule the roost.

      4. No diesel equals no food, but let’s ship tanker loads of fuel to the Ukraine!

      Commenting Policy:

      Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn’t immediately available. We’re not trying to censor you, the system just wants to make sure you’re not a robot posting random spam.

      This website thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.