Posted on 02/04/2022 7:21:53 AM PST by Hojczyk
(Reuters) - U.S. supplies of fuels such as diesel and heating oil have dwindled and refiners are having trouble replenishing that supply, which could keep prices elevated for months.
Demand for diesel, heating oil and other products has been running ahead of pre-pandemic levels for months. However, production has not kept up as some refineries have closed since the coronavirus pandemic began while others put off maintenance.
As of Thursday, heating oil futures were priced at $2.83, the highest price in seven years.
Higher fuel costs could become a recurrent feature of the energy markets as companies find it harder to react to tight supply situations.
Fuel availability is already being tested by frigid temperatures cutting across much of the United States and expected to persist for days. That has boosted demand for natural gas power generation, and some utilities in the path of the cold are preparing to use more distillate fuel oil to meet demand.
We actually don't see a clear path in the near future to be able to restock diesel inventories," said Gary Simmons, chief commercial officer at Valero, during the company's earnings call last week.
The national average price for diesel was lately at $3.78 per gallon, highest since September 2014. In places like New England, oil-fired generation is expected to surge temporarily in the coming days, which could raise prices more.
(Excerpt) Read more at finance.yahoo.com ...
Biden: I did that!*
*Well, my handlers did, anyhow . . .
I am thanking Divine Procidence for my 5 cord of wood and wood stove.
No worries here. We saw it coming.
BUt thise who cannot get heating oil with no alternatives? Very, very bad.People will die, especially the elderly.
Jocose Joe is to blame! GO BRANDON!
Who needs nasty petroleum energy?
We have slogans and cliches about virtuous green energy to keep us warm.
This is what happens when you stop drilling and kill oil pipelines. Unlike Carter, Biden caused this by signing EOs.
Just when you think Brandon can’t get worse.
Oil 92 dollars a barrel...how high will it be in November
Maybe a scientist can come up with a way to convert the “hot air” coming from Democrats into home heating!!!!
BTW—crude oil is now $93 barrel.
Thanks, Lesko Brandon
Love how the libtard enemedia tacitly blames consumers (i.e. increased demand) for higher prices, when in fact it is the demesia-ridden retard adminstration’s war on supply that is the cause. Lower the supply of X, prices increase even is demand remains constant; the price increase worsen as demand increases. Another INTENDED policy of the vile, evil, perverted Demonic Party and their minions...
You are a smart rugged individualist.
Big Wind
and Big Sun
when winter comes
can’t get it done....
Maybe have a stockpile in the winter when demand always rises for heating oil?
Turn up the sunshine and the windmills. /s
That’s funny, b3cause it never “dwindled” under Trump for 4 years... if anything, we had a glut, and prices dropped massively. Funny how eferytime a liberal steals an election the supply of oil “dwindles”
Or convert the gas from the several liberal thunderbritches in government
We are just today having the 50 year old oil tank removed (it’s under garage floor) in our remodel...got a wood stove insert...and then getting nat gas furnace. Oh, and cut a bunch of trees down this past fall.😆
I have a LIBERTY WOOD STOVE...been burning wood since the 1970s just to eff the Arabs.
I also have a liberty medicine cabinet full of Ivermectin
pills and an outpatient protocol from the Front Line Health Care Alliance ( FLCCC Aliance) .
The cabage patch utopian commies who are running our country into the cround can GTH. And if they do not like it, they can come and get some .
Remember where we come from:
“If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, go home from us in peace. We ask not your counsels or your arms. Crouch down and lick the hands which feed you. May your chains set lightly upon you, and may posterity forget that you were our countrymen.
Among the natural rights of the colonists are these: first, a right to life; secondly, to liberty; thirdly to property; together with the right to support and defend them in the best manner they can.
The liberties of our country, the freedom of our civil Constitution, are worth defending at all hazards; and it is our duty to defend them against all attacks. We have received them as a fair inheritance from our worthy ancestors: they purchased them for us with toil and danger and expense of treasure and blood, and transmitted them to us with care and diligence. It will bring an everlasting mark of infamy on the present generation, enlightened as it is, if we should suffer them to be wrested from us by violence without a struggle, or to be cheated out of them by the artifices of false and designing men.”
Samuel Adams , Philadelphia State House , August 1st, 1776.
Those words are as true today as they were back then.And they are actionable.
You will warm the cockles of your heart! A very good thing!
Liberty, Liberty, Liberty, Toujours Liberte!
Brandon-Obama’s ongoing War on Energy is doomed to failure just like during Obama’s time in office. The only question is how much middle class and working class Americans will suffer from it.
The investor class is making out nicely. But then they are the source of the big political money.
Stay warm! We saw it coming too, moved permanently last year from a town that gets to -30 in winter to one that gets to +10 and that’s rare. I’ll be flyfishing in the lower Gunnison River in 3 weeks.
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