That’s because US diesel inventories have declined to extremely low levels, in large part because many refineries are out of commission. In October, EIA data showed the US only had 25 days’ supply of diesel left in reserves — a low not seen since 2008.
In addition to hitting American drivers, high diesel prices are wreaking havoc on supermarkets and retailers that rely on freight transportation, as truckers pass on costs. Kroger and Hormel Foods are among those that have called out the costs — raising concerns about food shortages and higher inflation.
