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The Diesel Crunch Is Finally Causing Demand Destruction

by Zero Hedge
November 28, 2022
in Finance
The Diesel Crunch Is Finally Causing Demand Destruction

High prices seem to have started to weigh on diesel demand in the United States, where distillate inventories – comprising diesel and heating oil – have been slowly rising over the past few weeks. American distillate inventories are still below the five-year average, but the gap in stocks compared to previous years has slowly started to narrow, suggesting that high prices are hitting demand, while encouraging more refinery output thanks to solid refining margins. In this week’s inventory report , the U.S. Energy Information Administration said that distillate stocks rose by 1.7 million barrels in the week to November […]

Read the rest of this story here: www.zerohedge.com

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Look around. Things aren’t the way they should be. Between Pandemic Panic Theater, Ukraine, food shortages, and a push for Central Bank Digital Currencies, everything you’ve spent your life building and protecting is in jeopardy.

Precious metals are historically the most reliable and safest hedge against economic turmoil. With the Biden regime and globalists enhancing the chaos, it’s important for patriotic Americans to take control of their financial future.

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