Remember when Russia invaded Ukraine? That sent energy markets into a tizzy. The U.S. doesn’t import much Russian diesel, but Europe did. A lot. Like, a whole lot.
[Infographic ] Is there really a diesel shortage? Why did diesel prices
Now Europe is scrambling to buy diesel from everywhere else—including the U.S. Our exports are going through the roof. But that means less diesel stays home. It’s like selling your last slice of pizza to a hungry neighbor. Feels noble, but now you’re starving.
Global refineries are also struggling. Some in Asia are offline for maintenance. Some in Europe are just old and tired. It’s a perfect storm of “oops, we didn’t plan for this.”
Is it actually a shortage, or just expensive?
Well, it’s both. You can find diesel in most places—if you’re willing to pay for it. Prices are bonkers. I’m talking your wallet will cry, and your credit card will ask for therapy.
But in some regions, stations are running dry. Especially in the Northeast and parts of the Midwest. Farmers in Iowa are staring at empty tanks and wondering if they can run their tractors on pure determination. (Spoiler: they can’t.)
And it’s not just the U.S. Europe is having a worse time. Germany, France, the UK—they’re all feeling the pinch. So if you think waiting in line for gas is annoying, imagine doing it for heating oil in December. Yikes.