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Biden's diesel crisis still has prices way over $5/gallon

marvin martian

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Inflation will not drop until diesel prices drop.

Remember this when you vote next month.


Oil prices and President Joe Biden’s continued draining of the Strategic Petroleum Reserve (SPR) have dominated the headlines over the past few weeks, but analysts say a more impactful and serious crisis on the energy front looms: a diesel fuel shortage.

Diesel doesn’t get as much of the limelight as oil and gas, but it should because diesel fuel is the industrial lifeblood of the United States, and the price of diesel alone probably has a more significant impact on inflation and the prices you’re paying at the grocery store over any other factor. Without ample amounts of diesel, semi-trucks don’t move, farms are shut down, and critical manufacturing sectors are crippled.

As Bloomberg noted this week, “The US has just 25 days of diesel supply, the lowest since 2008, according to the Energy Information Administration. At the same time, the four-week rolling average of distillates supplied, a proxy for demand, rose to its highest seasonal level since 2007.”

The Biden administration has remained strangely silent, probably hoping that the dismal news doesn’t hit the mainstream because it’s a total political timebomb waiting to go off, especially as the midterm elections are so close.
 

ABikerSailor

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Yanno......................until Jr., diesel was LESS than gasoline, and in many countries, diesel is lower price than gas. Here in the good ol' USA? Diesel is more expensive due to added refining costs (thanks Bush Jr.) as well as is taxed more.
 

Winston

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The Democrat Green New Deal is not free.
The price is massive inflation.
But the poor uneducated Democrat Crazy Cult Voters keep begging for more pain.
Here, educate thyself.



 

Concerned American

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HaHaHa, and that is all on Biden and the democrats.
 
OP
marvin martian

marvin martian

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Here, educate thyself.




Yes, Biden selling it to other countries so he can get his 10% cut is also a disaster...for everyone who's last name isn't Biden.
 
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Winston

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Concerned American

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TroglocratsRdumb

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Here, educate thyself.




Here is a clue for you
Biden's policies have reduced the domestic oil supply
Do you crazy Democrat Cultists understand supply, price and demand?
Let's increase the supply and reduce the price

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Winston

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Finally found a couple of leftists that are jumping on the Trump band wagon, eh?
You are absolutely delusional. The ban on finished oil exports was lifted in 2016. Not once, during Trump's entire term, did even mention reinstating the ban. Matter of fact, I don't think there was ever a single bill, most certainly not from Republicans, that proposed reinstating the ban.

Lifting that ban was beyond stupid, and it was done with a bipartisan effort, quietly slipped into an Omnibus spending bill. It is perfect example of rent-seeking through political contributions by oil companies. Past time to nationalize that industry and move on.
 

Winston

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Here is a clue for you
Biden's policies have reduced the domestic oil supply
Do you crazy Democrat Cultists understand supply, price and demand?
Let's increase the supply and reduce the price
Facts, they are the anti-venom to the poison you fools spew.

Production for the week ended Aug. 26 rose by 100,000 b/d to 12.1 million b/d from the prior week, EIA said in its Weekly Petroleum Status Report. That brought output close to the pandemic-era high of 12.2 million b/d reached earlier in the summer.

 

1srelluc

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It's been like that for a good year now.
 

Nostra

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Yanno......................until Jr., diesel was LESS than gasoline, and in many countries, diesel is lower price than gas. Here in the good ol' USA? Diesel is more expensive due to added refining costs (thanks Bush Jr.) as well as is taxed more.
So Veggie Joe’s record high diesel prices is W’s fault.

Got it.
 

Missourian

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Never underestimate Joe Biden's ability to fuck things up...one Obama observation that has been proven to be 100% correct.
 

ABikerSailor

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So Veggie Joe’s record high diesel prices is W’s fault.

Got it.

Prior to Jr., diesel was cheaper than gasoline.
 

DigitalDrifter

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Just love spending several hundred dollars to fill up my diesel pusher motorhome. Bet there's going to be a lot of used motor homes coming on the market.
 

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