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IPFS News Link • Oil

US Diesel Shortage Increasingly Likely Until Economy Slows

• https://www.zerohedge.com by John Kemp

Stocks of diesel and other distillate fuel oils were just 106 million barrels on Oct. 21, the lowest for the time of year since the U.S. Energy Information Administration (EIA) started collecting weekly data in 1982.

Distillate inventories were a massive 26 million barrels (-20% or -1.94 standard deviations) below the seasonal average for the previous ten years ("Weekly petroleum status report", EIA, Oct. 26).