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Supply Chain Logjam to Drive U.S. Diesel Use to Highest in Years

From bnnbloomberg.ca

Take a look at U.S. diesel demand to see that the supply chain squeeze isn’t going to end any time soon. Demand for diesel is set to surge to highest since 2018 next year as truckers continue to work to clear a backlog of deliveries accumulated during the pandemic, the Energy Information Administration said in a report Wednesday. The agency predicts that consumption of the fuel, which has already surpassed where it was in 2019, will rise another 3% to 4.11 million barrels a day in 2022. The expected increase in diesel consumption is an indicator that the supply chain crisis rocking companies from Apple Inc. to Toyota ... (full story)

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  • Category: Fundamental Analysis