Fuel price inflation -- Why fuel prices are likely to rise sharply before March, 2023.
- HFI Research foretells higher oil prices this winter due to several factors, including a shortage of oil distillates, reduced oil refining capacity in the USA, a reduction in oil shipments from OPEC+, and the Federal government's stopping its releases of oil from the SPR (Strategic Petroleum Reserve).
- The SeekingAlpha editorial staff has added additional, relevant data.
ZeroHedge (ZH) stated that we should "[f]orget [about] Oil, The Real Crisis Is Diesel Inventories." ZH enumerated several factors that account for the shortage of distillates, including perhaps the "most important of all [ such factors, that ] the US . . . has lower [ oil ] refining capacity than before, reducing its capacity to make fuels."
Relatedly, Statista relayed the expectation of the EIA (Energy Information Agency of the Federal government) that a "colder-than-average winter . . . and high energy prices will quite significantly raise heating costs for many U.S. consumers this winter".
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