Right in time for Thanksgiving, the nation’s most expensive holiday, the diesel shortage that caused analysts to worry about a potential slowdown of the American economy this winter is now slightly improving.
The mid-Atlantic and Northeast continue to see imports arrive; last week, about 623,000 barrels of distillate did so, which was less than recent levels. However, the supply in the area is currently slowly increasing, according to Patrick De Haan, head of petroleum analysis at GasBuddy, who spoke with Newsweek.
“Diesel prices are gradually declining across the nation to a modest extent; this trend is likely to last through Thanksgiving and possibly beyond. However, the recovery could be halted by cold weather, so monitor the weather.