In recent days, the petroleum-watching commentariat has opined that oil prices are likely to increase sharply soon due to the recent decline in inventories of petroleum distillates, including diesel fuel. These commentators have expressed their opinions on Twitter and other Internet forums.
A few days ago, IIT reported that the USA suffered from low inventories of petroleum distillates, especially diesel fuel. More recent days have brought further news of shortages of diesel fuel and predictions that the price of diesel fuel is likely to climb much higher soon.
Bloomberg reports that at least one fuel supply company, Mansfield Energy, is experiencing a diesel shortage, and, relatedly, higher diesel prices. The company depicts a dire situation: