According to the Daily Wire, a heightened demand and low inventories will result in increasing prices will likely cause soaring prices.
“Poor pipeline shipping economics and historically low diesel inventories are combining to cause shortages in various markets throughout the Southeast,” the company stated. “These have been occurring sporadically, with areas like Tennessee seeing particularly acute challenges.”
“Usually the ‘low rack’ posters can sell many loads of fuel before running out of supply; now, they only have one or two loads.”
A shortage of diesel fuel, which enables a large amount of shipping activity across the U.S., could mean more supply chain disruptions in the midst of increased costs.
The national average cost of diesel fuel is currently $5.31 per gallon.
“Fuel suppliers have to pull from higher cost options, at a time when low-high spreads are much wider than normal,” Mansfield Energy continued. “At times, carriers are having to visit multiple terminals to find supply, which delays deliveries and strains local trucking capacity.”
The already existing supply chain crisis combined with rising energy costs have contributed to record-breaking inflation, which currently sits at 8.2%.
President Joe Biden acknowledged the forty-year high and argued that his administration has made “some progress” on addressing the issue.
Biden’s form of addressing the energy crisis has meant handing out barrels of Petroleum from the Strategic Petroleum Reserve, which has gone from 638 million barrels to 402 million barrels—the lowest level in decades.
The release was primarily meant to cut down energy prices; however, at least five million barrels have made their way to nations such as India, the Netherlands, Italy and a Chinese petroleum company which has been connected to Hunter Biden.
Polling shows that the state of the economy is a large consideration in the midterm elections. It has been found that 60% of Americans blame President Biden and his policies for “increased inflation.”
Many independents have a negative view of the president and the current state of the nation.