Short supply of Diesel on the heels of summer

The prices for gas and diesel fuel, over $6.00 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022. (Frederic J. Brown | AFP | Getty Images)

Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • Diesel fuel is in short supply as prices surge — Here’s what that means for inflation
  • Diesel fuel is in short supply as demand rebounds following the pandemic, while supply remains tight.
  • Prices have surged to record levels, adding to inflationary concerns across the economy.
  • The problem is especially acute on the East Coast, where prices have become “unhinged,” according to one analyst.
  • “Diesel is the fuel that powers the economy,” said Patrick De Haan, head of petroleum analysis at GasBuddy
  • Higher prices are “certainly going to translate into more expensive goods,” said De Haan.

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