USA diesel fuel supply shortage is improbable

The claim that diesel was to be gone out in 25 days was proved to be inaccurate. The US diesel market has stabilized.

November 14, the average cost of fuel fell by a few cents. Prices released by the Department of Energy (DOE)/Energy Information Administration (EIA) on November 14 showed a decrease from $5.513 to $5.313.

Thus, we can talk about the price reduction for the seventh day in a row.

The East Coast diesel market shows signs of decline. On the CME, which just settled just below $4 a gallon, the price of ultra-low sulfur diesel dropped 45.49 cents to a level set Nov. 14 at $3.544 a gallon. In ULSD, this settlement was significantly less than its one-day high of $3.7037 per gallon.

The rapid rise of prices was thought to have been spurred on by reports that two weeks of low temperatures were expected in the United States. Diesel fuel prices are now tracked to crude oil prices.

As recently as Nov. 3, diesel cost $1.75 more than Brent crude; it is now $1.25 higher. Despite the uncertainty about the reasons for the current diesel prices, experts are confident that there is no reason to worry about the shortage.

For now, consumers should not to worry about fuel shortages and enjoy the relatively stable diesel prices.