US diesel inventories get encouraging Thanksgiving sign with small gains

Distillate fuel inventories increased in the United States by more than three million barrels in the six weeks between Oct. 7 and Nov. 18, according to data from the Energy Information Administration.

The last time the U.S. saw its distillate stocks rise during the same period was 14 years ago, in 2008, according to government data. The U.S. ban on Russian oil imports also affected the industry. Prior to the war in Ukraine, the U.S. was importing roughly 700,000 barrels of petroleum from Russia each day—most of which were shipped directly as refined petroleum products.

Analysts have warned that diesel costs are expected to average around $6 per gallon this winter—though they could climb higher if the weather gets colder.The small uptick in distillate inventories is due primarily to a slight slowdown of U.S. distillate exports, as well as a small rise in domestic production and a reduction in global demand.

What TuckerCarlson said there would be no diesel fuel and turkeys for Thanksgiving

I was told this wasn’t a problem so why is there concern?

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