Author Topic: Diesel rationing could hit East Coast this summer, refinery owner says  (Read 79 times)

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Offline Ptarmigan

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Diesel rationing could hit East Coast this summer, refinery owner says
https://www.freightwaves.com/news/diesel-rationing-could-hit-east-coast-this-summer-refinery-owner-says

Quote
The East Coast of the U.S. could face a worsening diesel shortage this summer, John Catsimatidis, CEO of United Refining Co., said in an interview with Bloomberg. United produces some 70,000 barrels of petroleum products each day and sells gasoline throughout western New York and northwestern Pennsylvania, according to the company’s website.

“I wouldn’t be surprised to see diesel being rationed on the East Coast this summer,” Catsimatidis told Bloomberg’s Lucia Kassai. “Right now inventories are low, and we may see a shortage in coming months.”

Diesel prices hit a new high of $5.557 a gallon on Thursday, according to the American Automobile Association. Unleaded gasoline also hit a record $4.418 per gallon.

Carriers and owner-operators — especially those with already-slim margins — are struggling to keep up with rising diesel prices.

Diesel rationing could happen this summer, especially in the Northeast.
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Offline Rick

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I wonder if we will see truck conversions to vegetable oil.