Submitted by Dirtperson Steve
It begins … 🚫⛽️ pic.twitter.com/1zGTMqQXIs
— Wall Street Silver (@WallStreetSilv) November 7, 2022
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IT BEGINS
Tag: diesel shortages
Many People will Starve & Die from Freeze While Fighting Global Warming
Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left
For all the drama surrounding Biden’s latest Strategic Petroleum Reserve fiasco and his admin’s ridiculous idea to “stimulate” US energy producers to pump more oil because, you see, Biden promises to buy oil at some unknown point in the future (he may or may not, but right now he is certainly draining a million barrels of emergency US energy lifeblood just to buy a few midterm votes, assuring energy producers have zero incentive to produce more), the real crisis is not oil or gas, but diesel.
The problem is that as we repeatedly warned over the summer, even as others were transfixed by the moves in gas, see:
- Sorry, Diesel Prices Are Likely To Climb Again Soon (Aug 4)
- Can The Global Gasoline And Diesel Crisis Be Solved? (June 21)
- D-Day Approaches: Crack Spread Soars As Diesel Market Braces For Historic Shock (May 3)
- The Diesel Market Is Soaring, And Gasoline Prices Will Catch Up This Summer (May 1)
- Global Diesel Shortage To Push Oil Prices Much Higher (March 25)
- “Gas Stations Will Run Dry”: Catastrophic Scenario For Diesel Emerging (March 23)
- Global Diesel Shortage Raises Risk Of Even Greater Oil Price Spike (Mar 12)
- China Asks State-Owned Refiners To Halt Gasoline, Diesel Exports (Mar 10)
- U.S. Diesel Stocks Set To Fall Critically Low (Feb 18)
- Diesel Is The U.S. Economy’s Inflation Canary (Feb 8)
… the crisis gripping the US diesel market is getting out of hand, as demand is surging while supplies remain at the lowest seasonal level for this time of year ever, according to government data released Wednesday.
Continue reading “Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left”
High Gasoline And Diesel Prices Are Here To Stay
Authored by Tsvetana Paraskova via OilPrice.com,
- U.S. gasoline and diesel prices are at record highs and show no sign of falling or of denting demand.
- Refining capacity has shrunk dramatically since 2020 due to the covid pandemic, driving fears of a supply crisis.
- It is looking increasingly likely that the only cure for these high prices would be a recession, a cure that could be as bad as the disease.
U.S. gasoline and diesel prices are soaring to record highs nearly every day these days, as crude oil prices hold above $110 a barrel, the Russian invasion of Ukraine upends global crude and refined product trade flows, and refinery capacity globally is now lower than before the pandemic after some refineries—including in the United States—closed permanently after COVID crippled fuel demand in early 2020. There isn’t a quick fix for all-time high fuel prices in America— or elsewhere — analysts say. The quickest fix is actually not one American consumers would want — a recession that would lead to job losses.
Despite the Biden Administration’s months-long efforts to lower gasoline prices — including massive releases of crude from the Strategic Petroleum Reserve (SPR) and blaming oil companies for price gouging — U.S. refineries cannot catch up with demand.
Not that demand has soared so much. It’s the capacity for supply, globally and in the U.S, that is now a few million barrels per day lower than it was before the pandemic.
Continue reading “High Gasoline And Diesel Prices Are Here To Stay”
Major Trucking Firms Prepare For “Imminent Diesel Shortage In Eastern Half Of US”
Major trucking fleets across the eastern half of the US are preparing for an “imminent” diesel shortage, according to logistics firm FreightWaves.
Founder and CEO of FreightWaves Craig Fuller said “3 very large fleets” are preparing for diesel pumps at fuel stations to run dry. Drivers of these fleets received notifications about fuel shortages that could materialize in the coming weeks across the Mid-Atlantic and Northeast regions.
Fuller tweeted several messages that drivers received from fleet operators. The notifications were alarming.
— Craig Fuller 🛩🚛🇺🇦 (@FreightAlley) May 11, 2022
Continue reading “Major Trucking Firms Prepare For “Imminent Diesel Shortage In Eastern Half Of US””
Why every American should care that diesel prices are surging across the country
Gasoline prices are increasing almost daily, pinching the wallets and pocketbooks of nearly all Americans with cars. However, as bad as that news is, diesel prices are surging even more across the country. Today’s truckstop retail diesel prices hit a new record of $5.32/gallon. Since February 1st, national truckstop diesel prices have increased by $1.57/gallon. For an owner-operator whose truck gets 6.5 miles per gallon, this equates to a cost increase of $0.24 per mile.
Diesel’s importance to our economy
To many Americans (including politicians), diesel prices are so removed from their version of reality that they often dismiss the importance of diesel to the U.S. and global economies. However, diesel is the fuel that drives the economy and leaves major industries vulnerable to cost shocks.
Without diesel fuel, the U.S. economy would collapse in a matter of days. Our supply chains would completely shrivel, almost overnight.
Continue reading “Why every American should care that diesel prices are surging across the country”
Mike Rowe Says Truckers “Aren’t Buying Putin Price Hike” Spin As Diesel Hits New High
I passed a Wawa gas station on the way to work today and diesel was $6.29 per gallon. I paid $4.49 per gallon yesterday to fill up my car. Thanks Joe.
Baltimore native Mike Rowe became famous as the Dirty Jobs jobs guy on the Discovery Channel. Now he’s filming the second season of “How America Works” on Fox Bussiness, showcasing the many individuals that work around the clock to keep the US economy humming.
During Monday’s “Fox and Friends” show, Rowe sat down with Steve Doocy to discuss out-of-control inflation. He said the tuckers he knows aren’t buying the “Putin Price Hike” narrative.
As the national average for diesel prices at the pump jump to a record high of $5.32 a gallon, Rowe said truckers are sending him pictures and videos of them filling up, spending more than a thousand dollars at a time.
“I get video almost every day now from people who we featured on ‘Dirty Jobs” and ‘How America Works.’
“They’re just sending me videos of them at the gas pump and some of them are filling up 18-wheelers. And, I’m not kidding you, $1,100, $1,200.
“Most people, all we can think about is the price for us at a relative terms know it’s awful.
“When you put $1,200 in your gas tank and just six months ago it was costing you $600 or 700, the exponential reality of it is starting to sink in. You just can’t walk that back. It touches every single thing that matters in this country. From food production to transportation … all of it,” Rowe explained.
Doocy then asked: “Are truckers buying the ‘Putin Price Hike’?”
Bring on the Collapse!
Submitted by Dirtperson Steve
Diesel here is now $6 everywhere. It’s bad to the point that it makes sense for me to drive my beater truck that I only keep for Lowes/HD trips because it isn’t worth selling. Diesel is well over 25% more expensive than regular and that is the breakeven point for driving the truck vs jeep.
At least I can make a choice. Food delivery…heck, anything delivered will need priced for $6 diesel. It isn’t Ukraine either. They are just doing everything they can, poorly, to keep regular gas price down. Average person doesn’t get angry about diesel prices. This year is the only time I have ever seen diesel cost more than premium locally.
Let’s keep shipping SPR off to Europe though!
No signs of slowing down: Diesel price jumps 42.8% from beginning of the year, way ahead of gasoline’s 25% increase
The increase in diesel price has raced past that of gasoline. Data from the Department of Energy‘s Energy Information Administration (EIA) showed that diesel price has jumped a staggering 42.8 percent while the price of gasoline has increased 25 percent from the beginning of the year.
Given the enormous role of Russia as a supplier of diesel, it is easy to blame ongoing war between Russia and Ukraine for the soaring prices. However, the increase in the price of diesel compared to crude and gasoline began even before the war started.
Diesel for Dinner
“Governing a great nation is like cooking a small fish – too much handling will spoil it.” – Lao Tzu
The words edible and eatable are often used interchangeably but embedded within their respective definitions is a distinction that makes an important difference. Edible means “safe to eat,” whereas eatable means “pleasant to eat.” A variant of the word eatable is delicious, commonly defined as “highly pleasant to eat.” Delicious certainly sounds more enticing than highly eatable, a phrase nobody would use to compliment an exquisite meal crafted by a professional chef. We find such linguistic nuances pleasing.
Whether the balance of calories a person consumes is edible, eatable, or delicious depends on where they sit on Maslow’s hierarchy of needs, a concept we covered at length in a piece we wrote last July called Why Are Cows Sacred? For those at the base of the pyramid, the struggle to consume enough edible food just to see another sunrise defines much of their existence. At the top of the pyramid sit those fortunate souls who can afford to cook delicious meals with fresh ingredients, eat at fine restaurants, or even hire a personal chef to tend to their every dietary indulgence.
GRADUALLY, THEN SUDDENLY
“How did you go bankrupt?” Two ways. Gradually, then suddenly.”
― Ernest Hemingway, The Sun Also Rises
“I do not say that democracy has been more pernicious on the whole, and in the long run, than monarchy or aristocracy. Democracy has never been and never can be so durable as aristocracy or monarchy; but while it lasts, it is more bloody than either. Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide. It is in vain to say that democracy is less vain, less proud, less selfish, less ambitious, or less avaricious than aristocracy or monarchy. It is not true, in fact, and nowhere appears in history. Those passions are the same in all men, under all forms of simple government, and when unchecked, produce the same effects of fraud, violence, and cruelty.” – John Adams
Hemingway’s famous quote about going bankrupt connects with so many because it is true on a personal basis and a civilization basis. It applies to individuals and empires in decline – like the American democracy. John Adams realized two centuries ago democracy was no better than monarchy or aristocracy over the long haul. We were handed a Republic by Franklin and his fellow revolutionaries, but we failed to keep it almost from the very birth of this nation.
As we rush towards our World War 3 rendezvous with destiny, aided and abetted by politicians placed in power by globalist billionaires hellbent on the destruction of our way of life, so they own everything and you own nothing, I can’t help but ponder who is to blame and could we have avoided this dystopian outcome.