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Diesel Costs Up 33%, Supply Dwindles To 1950s Levels

  • Diesel prices have increased 33% for November deliveries and are expected to go higher.
  • Diesel supply in the Northeast, the drought-stricken Mississippi River, and a potential rail strike are contributing to higher fuel demand with calls for federal government intervention to increase supply.
  • Diesel reserves have not been this low since 1951 and a ban on Russian products set for next year will intensify competition for the fuel.
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