Biden’s Proposed Plan To Address Diesel Shortages Could Hike Prices Even Further

  

Category:  News & Politics

Via:  magicschoolbusdropout  •  2 weeks ago  •  36 comments

By:   Jack McEvoy

Biden’s Proposed Plan To Address Diesel Shortages Could Hike Prices Even Further
it could create a demand surge and drive up already high prices,

Brandons ideas are soooo GREAT !

256

I 'member when Diesel was waaaay Cheaper than Regular Gas, and folks wished they had more Diesel Car/Trucks available to purchase, instead of a Gas Car/Truck during those good 'ol days of cheap fuel !

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S E E D E D   C O N T E N T



P resident Joe Biden is proposing a plan that would require fuel suppliers to maintain a minimum amount of diesel in their inventories this winter to stave off severe shortages and prevent extreme price hikes. However, it could create a demand surge and drive up already high prices, according to Bloomberg.

The plan would force diesel vendors to take supplies off the market which could cause short-term diesel demand to soar and drive up prices in the Northeast, where fuel shortages are most  severe according  to Bloomberg. Russia’s invasion of Ukraine has exacerbated the East Coast’s fuel shortages as the region has become dependent on Russian imports due to the region’s constrained  pipeline capacity.

“We also want to make sure there’s enough fuel in the United States,” Energy Secretary Jennifer Granholm  said  when asked about U.S. fuel exports to energy-starved Europe during an interview at the COP27 climate conference in Egypt. “It may not be a business choice that they make, but we’re asking, as the companies that are operating in America, to do what they are doing in other countries.”

The national average price of diesel is $5.31 per gallon and is $1.58 higher than it was in November 2021, according to the Energy Information Administration (EIA). The Midwest region’s wholesale diesel prices skyrocketed in July after pipeline operator Magellan Midstream Partners increased the minimum inventory levels for fuel held throughout its pipeline, according to Bloomberg.

Americans who use heating oil (a form of diesel) will spend an average of $2,354 to heat their homes this winter which represents a 27% increase from winter 2021 and the highest price point in more than 25 years,  according  to the EIA.


Article is LOCKED by author/seeder
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magicschoolbusdropout
Sophomore Principal
1  seeder  magicschoolbusdropout    2 weeks ago

Such a Plan to put forth for leader that says they "Cares" about thems own folkses.

FOLKS ............ c'mon man ....... It's just Wierd !

 
 
 
Ronin2
Professor Quiet
2  Ronin2    2 weeks ago

So don't work on trying to increase the supply. Force restrictions on when the current supply can be sold; which will do nothing to decrease demand. 

Expect diesel fuel prices to spike; and inflation to soar. 

So glad for all of those that voted Democrat during midterms.  

 

 
 
 
magicschoolbusdropout
Sophomore Principal
2.1  seeder  magicschoolbusdropout  replied to  Ronin2 @2    2 weeks ago
So glad for all of those that voted Democrat during midterms.  

Me Too ..... at least in those "Other" wierd places anyway !

 
 
 
Ronin2
Professor Quiet
3  Ronin2    2 weeks ago
I 'member when Diesel was waaaay Cheaper than Regular Gas, and folks wished they had more Diesel Car/Trucks available to purchase, instead of a Gas Car/Truck during those good 'ol days of cheap fuel !

I remember looking at VW Jetta diesel when looking to buy a new car. So damn glad I didn't go that route! Backed out of it just before Covid hit. It is bad enough paying for premium gas for my Mini Cooper Countryman.

 
 
 
Sunshine
Professor Participates
4  Sunshine    2 weeks ago

You must suffer America....suffer for your own good.

Suck it up buttercups..

 
 
 
Nerm_L
Professor Principal
5  Nerm_L    2 weeks ago

A mandated diesel inventory only removes that diesel from the market.  And accomplishes nothing.

It is true that increasing inventories can result in lower prices -- when the inventory is reduced.  But that's driven by commodity trading rather than by supply and demand.  Typically commodity traders buy and store oil when oil is cheap with the expectation that prices will rise.  Commodity trades don't buy and store oil with the expectation that prices will fall.

Biden is trotting out the same old supply-side economics that has been the emphasis of political Washington for decades.  Biden has swallowed the neoliberal trope hook, line, and sinker.  Biden just doesn't understand how supply-side economics works.

 
 
 
magicschoolbusdropout
Sophomore Principal
5.1  seeder  magicschoolbusdropout  replied to  Nerm_L @5    2 weeks ago
Biden just doesn't understand how supply-side economics works.

Shoulda just stopped at "Biden just doesn't understand" !

Would have made your Point perfectly !

 
 
 
Texan1211
Professor Principal
6  Texan1211    2 weeks ago
Americans who use heating oil (a form of diesel) will spend an average of $2,354 to heat their homes this winter which represents a 27% increase from winter 2021 and the highest price point in more than 25 years, according to the EIA.

Must be fake news.

According to some folks here, the economy under Biden is stellar and inflation is just temporary.

 
 
 
magicschoolbusdropout
Sophomore Principal
6.1  seeder  magicschoolbusdropout  replied to  Texan1211 @6    2 weeks ago
According to some folks here, the economy under Biden is stellar and inflation is just temporary.

Folks ...... Nothing to see ....... This is no Joke ....... or worry about !

 
 
 
Texan1211
Professor Principal
6.1.1  Texan1211  replied to  magicschoolbusdropout @6.1    2 weeks ago

I am positive it is Putin's fault, or OPEC's fault, or somehow the GOP's fault.

Time will tell which tale the spin doctors will tell.

 
 
 
magicschoolbusdropout
Sophomore Principal
6.1.2  seeder  magicschoolbusdropout  replied to  Texan1211 @6.1.1    2 weeks ago
I am positive it is Putin's fault

That's been the "Lefts" CONSTANT anyway !

 
 
 
Hallux
Junior Principal
6.1.3  Hallux  replied to  magicschoolbusdropout @6.1.2    2 weeks ago

It has been one of the constants, the other being that US crude suppliers are selling it to the highest bidder on the international market. Of course the gov't could intervene and be accused of radical socialism.

 
 
 
magicschoolbusdropout
Sophomore Principal
6.1.4  seeder  magicschoolbusdropout  replied to  Hallux @6.1.3    2 weeks ago
the other being that US crude suppliers are selling it to the highest bidder on the international market.

Well .... sheeesh ...... Brandon did have a little something to do with that cause and effect !

Brandon also likes to dwindle our own countries "Reserves" to make himself and the Democrats in congress look good, with no backup to resupply what he "SOLD OFF" to others.

 
 
 
Hallux
Junior Principal
6.1.5  Hallux  replied to  magicschoolbusdropout @6.1.4    2 weeks ago

In other news 'Brandon' gave the apple to Eve.

 
 
 
magicschoolbusdropout
Sophomore Principal
6.1.6  seeder  magicschoolbusdropout  replied to  Hallux @6.1.5    2 weeks ago
In other news 'Brandon' gave the apple to Eve.

Nah.... he gave it directly to the "snake" .... See the begging of the saudi's to produce more for him before the elections !

 
 
 
Hallux
Junior Principal
6.1.7  Hallux  replied to  magicschoolbusdropout @6.1.6    2 weeks ago

The Saudis are now the snake? How quickly they have morphed.

 
 
 
magicschoolbusdropout
Sophomore Principal
6.1.8  seeder  magicschoolbusdropout  replied to  Hallux @6.1.7    2 weeks ago
The Saudis are now the snake? How quickly they have morphed.

Democrats have been saying that since Brandon was Shundedededed snicker by the Saudi's !

 
 
 
Hallux
Junior Principal
7  Hallux    2 weeks ago

Despite rhyming, "could" does not mean 'would'.

 
 
 
magicschoolbusdropout
Sophomore Principal
7.1  seeder  magicschoolbusdropout  replied to  Hallux @7    2 weeks ago
Despite rhyming, "could" does not mean 'would'.

depends on what "IS",IS !

 
 
 
Ronin2
Professor Quiet
7.2  Ronin2  replied to  Hallux @7    2 weeks ago

Right.

Just like draining the US strategic oil reserve will not result in a surge of oil and gas prices when Brandon has to replace every last damn barrel of oil. It has to come from somewhere; and right now not enough is being produced to meet the world's needs even with Brandon's 1 million barrels release per day; and his planned 15 million barrel release in December.

Brandon is betting on a world wide recession that will reduce the oil and gas demand so gas and oil prices will fall- and he will be able to resupply on the cheap. He and the Democrats are stacking the deck to bring it about with all of their reckless spending and taxes. They believe voters will be dumb enough to believe blaming Trump, Republicans, Putin, and the pandemic will work again. It worked during midterms so they have at least a chance.

 
 
 
Drinker of the Wry
Freshman Principal
7.3  Drinker of the Wry  replied to  Hallux @7    2 weeks ago

I prefer:

Shama Lama,
huh
Rama rama rama ding dong
baby huh
You put the
ooh mou mou
oh oh oh oh
back into my smile, child

Hey
That is why

That is why
You are my sugar dee dee doo

 
 
 
Hallux
Junior Principal
7.3.1  Hallux  replied to  Drinker of the Wry @7.3    2 weeks ago

The movie was fun, the song not so much.

 
 
 
Sparty On
Professor Principal
8  Sparty On    2 weeks ago

Granholm ........... she screwed up Michigan now she’s working on screwing up the entire US energy sector.  
Dumb ass Canadian!

 
 
 
Hallux
Junior Principal
8.1  Hallux  replied to  Sparty On @8    2 weeks ago
Dumb ass Canadian!

She was all of 4 years old when she and her family left Canada, same as Ted Cruz.

 
 
 
Ronin2
Professor Quiet
8.1.1  Ronin2  replied to  Hallux @8.1    2 weeks ago

With how much Democrats and leftist disparage Cruz for being part Canadian- anything thrown Granholm's way is well deserved.

 
 
 
Texan1211
Professor Principal
8.1.2  Texan1211  replied to  Ronin2 @8.1.1    2 weeks ago
With how much Democrats and leftist disparage Cruz for being part Canadian- anything thrown Granholm's way is well deserved.

Yeah, but with Cruz, it is different.

He is a Republican, and thus fair game.

 
 
 
Sparty On
Professor Principal
8.1.3  Sparty On  replied to  Hallux @8.1    2 weeks ago

Canadian, Calikakistani ..... same difference.

Cruz didn’t take a shit on an entire state.    Jenny on the block did.    Regardless, neither can be POTUS but I must admit.    Either would be an improvement over angry grandpa.

 
 
 
Hallux
Junior Principal
8.1.4  Hallux  replied to  Texan1211 @8.1.2    2 weeks ago

Oh puhlease, Cruz gave up being a republican to become an asshole's sycophant.

 
 
 
Texan1211
Professor Principal
8.1.5  Texan1211  replied to  Hallux @8.1.4    2 weeks ago

Using your dubious standards, then so did Granholm!

 
 
 
magicschoolbusdropout
Sophomore Principal
8.1.6  seeder  magicschoolbusdropout  replied to  Hallux @8.1.4    2 weeks ago
Oh puhlease, Cruz gave up being a republican to become an asshole's sycophant.

Like Manchin and Sinema gave up being "Democrat" to become an asshole's sycophant ?

 
 
 
Ronin2
Professor Quiet
8.2  Ronin2  replied to  Sparty On @8    2 weeks ago

Michigan is great at producing moronic Democrats.

Whitless is a Granholm protege- and she is following in Granholm's footsteps trying to make Michigan pay more for gas and oil.

Who gives a fuck about the heating needs of Michiganders that would be affected by a pipeline shutdown this winter? Whitless needs to appease her radical enviro Fascist base!

Michigan really needs to ship all of the Democrats to California- so they can be with those that share their idiot views. Instead of letting them wreck this state.

 
 
 
Sparty On
Professor Principal
8.2.1  Sparty On  replied to  Ronin2 @8.2    2 weeks ago

No argument from me.

I hope it doesn’t but it could get biblical this winter in the north if they don’t straighten out their energy policy.

 
 
 
Sunshine
Professor Participates
8.2.2  Sunshine  replied to  Sparty On @8.2.1    2 weeks ago

Quite complaining and put on a sweater....geez  

Democrats are busy saving Democracy.

 
 
 
Sunshine
Professor Participates
8.2.3  Sunshine  replied to  Ronin2 @8.2    2 weeks ago
Michigan is great at producing moronic Democrats.

Cross your fingers the new Democrat house doesn't fck things up more.

 
 
 
Ronin2
Professor Quiet
8.2.4  Ronin2  replied to  Sunshine @8.2.3    2 weeks ago

Because track record of the freakishly horrendous 4 Democrats have the top have done so many great things before being reelected!/S

I am sure woke mandated CRT, gender identification, and Democrat assimilation in all schools will be at the top of their agenda.  No more sending your kids to a private or religious school to escape Democrat programming.

Followed by a law forcing any Christian or Catholic institution to hire professed atheists and LGBQT+ to well paying positions within their organizations. Religion will no longer be a protected standard for working in a Christian or Catholic institution. Looking forward to the first forced hire atheist or LGBQT+ pastor or reverend. Muslims, Jews, and all other "minority" religions will be exempt; because Democrats need their votes.

Roads on the west side of the state and UP will continue to suck. US131 will soon vie for the worst highway in the world; instead of just the US. That is if any Democrat politicians will actually bother to come to this side of the state to drive on it.

They will bring back Granholm's single business tax; because businesses were stupid enough to come back to Michigan. Democrats will chase them all away for good this time! Learn your damn lessons evil businesses- you are not wanted in Michigan!

They will undo Union pensioners having to pay taxes; because it is only fair to Democrat voters if they don't pay taxes going into or coming out of their retirement funds. Don't worry, they will increase taxes on singles, the middle class, and businesses to make up for it. Democrats know how to spend our money better than we do; so get the hell out of their way.

Criminals will get across the board early releases; but only minorities. Whitey needs to learn their damn lesson so sentencing will always be max with no chance of parole!

Police will not bother to shop up in any minority neighborhoods. Strangely they will all be on coffee breaks or filling out reports at the same time. Crime will be rampant; but there will be no more police/minority incidents. In fact officers will be given crayons and coloring books to give any minorities they mistakenly stop for traffic violations. No citations will be given and apologies from both the offending officers on the spot; and a written apology from the precinct will be issued.

All cities will be made sanctuary cities. Anyone caught cooperating with ICE; or reporting illegals will be prosecuted.

 
 
 
Sparty On
Professor Principal
8.2.5  Sparty On  replied to  Sunshine @8.2.3    2 weeks ago

Sorry but expect some crazy liberal shit the next two years in Michigan.    It’s gonna make the US Congress look like the John Birch Society.

 
 

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