– Diesel supplies are very scarce across the Northeast and in the Southeast. Supplies are at the lowest seasonal level for this time of year, and the US only has 25 days left of the industrial fuel in storage. The crisis gripping the diesel market appears to be getting out of hand as one fuel supply logistics company initiated emergency protocols this week.
"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 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," Mansfield Energy wrote in an update to customers on Tuesday. The trucking firm has a fleet of tankers that delivers refined fuel products to more than 8,000 customers nationwide.
Learn More: https://www.zerohedge.com/commodities/major-fuel-supplier-code-red-diesel-crisis-hits-southeast
https://www.msn.com/en-us/money/markets/the-us-now-has-just-25-days-of-diesel-supply-the-lowest-since-2008-here-s-why-that-s-more-alarming-than-a-dwindling-oil-piggy-bank/ar-AA13mveb?ocid=winp1taskbar&cvid=e2eed6a817a44c94f42f26e11210d785&fbclid=IwAR1i5VGaFQP3Cql3GJRg8nU6WWODESLXvrJZFX3ApVwAQDCZdBz0pclWat8
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