Keyword Analysis & Research: diesel shortage 2022

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Is there a diesel shortage?

All of this has led to what many analysts have called a diesel shortage, which has caused prices for the distillate fuel to skyrocket. In June, diesel reached a record-high average price of $5.703 a gallon.

Will diesel prices go up in 2022?

In a press release, the agency said that diesel prices will remain higher than $5 per gallon for the remainder of 2022, and bills for homes that use heating oil will increase by 45 percent this winter season, compared with those at the same time in 2021.

Is reserve diesel supply too low?

The Energy Information Administration (EIA) reported this week that, as of Oct. 14, the U.S. had only 25 days of reserve diesel supply, a low not seen since 2008. National Economic Council Director Brian Deese acknowledged to Bloomberg that the level is "unacceptably low" and that "all options are on the table" to address the situation.

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