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Diesel Shortages At Play – Higher Costs As Well
United States of America – U.S. diesel supplies are at almost record lows, causing concern among several sectors of the economy, including farmers and fuel suppliers. With winter on brink of shifting this will also affect home heating oil. Diesel prices also are on the rise with supply chain issues lingering. Keep an eye on the situations affecting the shortages, possibly, forward contract for months ahead if you need to guarantee supplies and prices. As the winter arises prices will rise with home heating oil demands here and in Europe and Ukraine.
The Biden Administration is aware of the issues and does have a team working on the issues. Janet Yellen confirmed this in an open sourced interview.
Read an article on the subject from the Washington Post here.