Read the story here. Advertise at Before It's News here.
Profile image
By John Rolls (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Gas Stations Will Go Empty & Fuel Prices Will Shoot Up In The Coming Weeks As Supplies Run Dry!! - Epic Economist

% of readers think this story is Fact. Add your two cents.

‎***Support BeforeItsNews By Trying HerbAnomic Natural Health Building Products Including Humic & Fulvic Liquid Trace Mineral Complex & UltraCur Bio-Available Curcumin—NOW NEW HNEX HydroNano Extracellular Oxygen Delivery System Product–SEE BELOW! ‎‎ ‎‎Click Here‎‎ For More Information & To Order!***‎


A new Bloomberg report exposes that energy supply shortages are emerging all around the nation, with gasoline and diesel stockpiles still at the lowest levels in a decade. In less than a month, the national average price of a gallon of gasoline rose by over 40 cents, and GasBuddy experts anticipate this increase in fuel prices will double over the next 30 days, sparking even more financial stress for Americans, as well as supply chain disruptions, and price volatility in most segments of the industry. 

On Monday, Bloomberg published an exposé explaining that the European Union’s ban against fuel imports made from Russian crude oil takes effect over the next couple of weeks, and the United States will likely see a major impact on its fuel stockpiles, and conditions can get extremely dire for East Coast markets. Such market imbalances could trigger a ripple effect across the nation, experts say. Particularly because gasoline stockpiles already are at the lowest in about a decade, with inventories in most regions still below the five-year average for this time of year. To prevent the East Cost and the rest of the country from running out of fuel, suppliers will need to get creative, they added. 

“Production remains the big problem, and traders appear to be betting on continued tight supply because of this fact,” Irina Slav says. “There is simply not enough refining capacity in the U.S. to ramp up production fast enough to respond to demand levels,” she continued. At the same time, the national average has climbed by more than 9% since the end of last year – the biggest jump to start a year since 2009, according to Bespoke Investment Group. With all that said, industry analysts alert that the average price could hit $4 over the next 30 days.

Meanwhile, refinery capacity is still being compromised by several disrupting factors. CNN reports that the extreme weather in much of the United States near the end of last year resulted in a series of outages at the refineries that produce the gasoline, jet fuel, and diesel that keep the economy humming.

For example, Colorado’s sole refinery, the Suncor refinery outside of Denver, was forced to halt operations due to freezing temperatures. When the refinery tried to restart, it suffered a fire, and equipment got damaged. Suncor has indicated that the refinery could be offline for weeks. No wonder why gas prices in Colorado have surged by nearly $1 a gallon over the past 30 days.Refineries elsewhere have been sidelined by extreme weather as well. At the moment, U.S. refineries are operating at just 84% of capacity, down from the mid-90% range at the start of December, Bespoke data shows.

Overall, price volatility and shortages may have far-reaching and devastating effects on many sectors of the economy and the daily lives of Americans. The lack of enough fuels could rapidly bring the nation to a standstill because the very fabric of society is built upon the ability to move and transport goods. The cascading effects of the shortages would be felt by every one of us, from the loss of jobs and homes to the shortages of essential goods and services. The economy could be pushed to the brink, as businesses struggle to keep their doors open, and the nation itself could be plunged into darkness if the energy sector fails. This is a very dire scenario that we are facing – one that must be averted at all costs.


For more info, find us on:


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 1 comment
    • No time

      The world is awash in oil. Shortages are deliberately controlled by the criminals at the top. 💰💰💰

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.