He noted that in the coming months, almost all corners of the world could feel a shortage of diesel fuel, as reduced supplies on global energy markets have intensified inflationary pressure and slowed economic development.
The consequences could be far-reaching — from the cost of turkey for the holiday table to the amounts in heating bills in winter. As noted by Mark Finley, an energy expert at the Baker Institute for Public Policy at Rice University, for the US economy alone, the rise in diesel prices will result in losses of $100 billion.
In the United States, inventories of diesel fuel and heating oil have fallen to record lows for this season in the last forty years.
