According to a recent report, America only has 25 days’ worth of diesel fuel left in its reserves. This shortage could have a devastating effect on the economy, as diesel is used to transport everything from food to medical supplies.
The Biden regime has responded by saying that it is “closely monitoring” the situation and working to find a solution.
According to the Daily Wire,
The depleted supplies occur because of maintenance season at many refineries and pressures from the Russian invasion of Ukraine. However, two ships carrying 1 million barrels of diesel are slated to arrive in New York, while a Pennsylvania refinery belonging to Delta Air Lines is returning from seasonal maintenance.
Inventories in the northeastern United States, where more residents burn fuel for heating than any other part of the country, are at less than one-third of usual seasonal levels. The diesel shortage comes after the Energy Information Administration said last week that the average household primarily using natural gas for space heating will likely spend $931 on power from October to March, marking a $206 increase since last year.
With a greater energy density than other liquid fuels, diesel enables the majority of shipping activity in the United States via semitruck and train, as well as large shares of military and farming activity. The national average cost of diesel fuel is presently $5.33 per gallon, according to data from AAA.
A shortage of diesel fuel would have far-reaching consequences for the economy. Diesel is used to transport everything from food to medical supplies, so a shortage would quickly lead to higher prices for these essential goods. Additionally, a shortage of diesel would make it difficult for farmers to bring their crops to market and for manufacturers to get their products to stores. In other words, a shortage of diesel could grind the economy to a halt.
The Biden regime has said that it is “closely monitoring” the situation and working with industry officials to find a solution. One option that is being considered is releasing some of the Strategic Petroleum Reserve—a government-owned stockpile of oil—to help ease the shortage. However, it is unclear if this will be enough to solve the problem.
America is facing a potentially crippling shortage of diesel fuel, and time is running out to find a solution. The consequences of this shortage could be dire, so it’s imperative that we find a way to solve this problem before it’s too late.