June may be a tough month for everyone—especially long haul truckers…
A surge in refineries and facilities being retired from service on the supply side, coupled with a lack of willingness to fill new leases are both placing significant pressure on diesel inventory.
At the same time all of this is happening, U.S. energy firms are reportedly shipping off massive amounts of oil to foreign countries…
The war in Ukraine has no doubt exacerbated the energy crisis, but that too represents a foreign policy failure of this administration, and the result of decades old NATO led harassment toward Russia.
Citizens and Senators alike aired their concerns:
Rarely do we have a crisis where the answer is staring us in the face, but that’s exactly what we’re seeing when it comes to higher gas and diesel prices: President Biden must stop fighting against U.S. energy production.
Increase the supply and bring costs down. pic.twitter.com/fZehVZsNPI
— Senator John Boozman (@JohnBoozman) May 19, 2022
Fuel & electric shortages expected to impact the U.S. as early as mid-June. Diesel crisis occurring now (record $5.90gal) as truckers told to fuel before entering; GA, SC, NC, VA, MD, NY, NJ. Officials in California/Texas along w/ the MISO (15 other states) warned of brownouts.
— Grayman Brief (@GraymanBrief) May 16, 2022
Fox News warns:
During an interview on “Cavuto Live” U.S. Oil and Gas Association President Tim Stewart said the U.S. is in the “most challenging” energy crisis in the last 50 years and the Biden administration has “no strategy” to help the U.S. get out of record-high gasoline and diesel prices.
My Latest Energy Update for Subscribers…
Energy Crisis Getting Ready To Hit The U.S.
U.S. companies making BIG BUCKS exporting Diesel overseas while Americans are paying a record high for a gallon of Diesel… $5.32
— SRSrocco Report (@SRSroccoReport) May 2, 2022
— The Momentum Letter (@MomentumLetter) March 21, 2022
According to The Epoch Times, the price of diesel has already surged in these areas:
A gallon of diesel on average costs $5.554, up 75 percent from a year ago and just short of the record high of $5.58 that was posted last week, according to AAA.
Prices are trending higher in the U.S. Northeast. In New York, the average price of diesel is $6.52; in Rhode Island, it’s $6.43.