Fuel company issues diesel shortage warning, says conditions 'rapidly devolving'
https://www.foxbusiness.com/politics/fuel-company-issues-diesel-shortage-warning-says-conditions-rapidly-devolvingA major fuel supply and logistics company is raising a red flag on upcoming diesel fuel shortages.
Mansfield Energy issued the alert Friday stating there was a developing diesel fuel shortage in the southeastern region of the United States. The company speculated that the shortage could be generated from "poor pipeline shipping economies" and a historically low supply of diesel reserves.
"Poor pipeline shipping economics and historically low diesel inventories are combining to cause shortages in various markets throughout the Southeast," the company said. "These have been occurring sporadically, with areas like Tennessee seeing particularly acute challenges."
Diesel shortage is getting worse. It is most severe in Maryland, Virginia, Alabama, Georgia, Tennessee, North Carolina, and South Carolina.
"Because conditions are rapidly devolving and market economics are changing significantly each day, Mansfield is moving to Alert Level 4 to address market volatility," Mansfield's press statement said.
The company continued, "Mansfield is also moving the Southeast to Code Red, requesting 72-hour notice for deliveries when possible to ensure fuel and freight can be secured at economical levels."
The Northeast Home Heating Oil Reserve (NEHHOR) holds roughly one million barrels of home heating oil. House Democrats from New England are asking President Biden to release some of those reserves to help reduce home heating prices in the region, leading into the winter months.