By Ray DiLorenzo ——Bio and Archives--October 31, 2022
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A diesel fuel shortage is spreading across the eastern United States as one company has launched an emergency delivery rule. (Epoch Times, Oct. 26, 2022) Mansfield Energy is now requiring a 72-hour notice for deliveries to obtain freight and fuel “because conditions are rapidly devolving,” the firm told customers, according to Bloomberg News. Fuel prices are running 30 cents to 80 cents higher than the market average, according to the firm. With diesel supplies dwindling, Goldman Sachs warned on Oct. 25 that a shortage of diesel fuel will likely push prices even higher. The investment bank said in a note that underinvestment in refining capacity coupled with refinery closures and operation disruptions have contributed to the diesel scarcity. Because long-haul trucks and freight trains run on diesel, a shortage and increase in prices will translate to higher prices on goods and food nationwide.
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Ray DiLorenzo is a career pilot having retired after 22 years as a contract fire pilot with the California Department of Forestry (Cal-Fire). He is presently affiliated with Stand Up America US Foundation founded by Maj. Gen. Paul E. Vallely (Ret).