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American diesel reserve

Energy Information Administration (EIA) reported that inventories of diesel, jet fuel, and heating oil had reached their lowest levels since 2008, it is believed that the Russian invasion of Ukraine in February of 2021 pushed American diesel reserves to all-time lows. After the invasion, Russian oil imports stopped entirely and the reduction of 700,000 barrels a day represented a significant loss that couldn’t be filled by American production. During the pandemic, the decreased demand for gas that resulted from everyone working from home reduced refinery production, a situation that only got worse as the pandemic persisted. Do you think that America needs to talk to Russia ?

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