Low Diesel Inventories Trigger Record Prices and Inflationary Pressures
The 118th State of the Fleet Industry video produced by Automotive Fleet offers insights into the state of the fleet market as presented by AF Editor Mike Antich.
Today's topics include:
On average, diesel stockpiles today are 30% lower than what they have traditionally been at this time of year. As of Oct. 21, diesel supply in the U.S. is down to 25 days, which means diesel inventories are at their lowest level for this time of year since 2008.
There is a direct correlation between the low inventory of diesel and the price at retail pumps. This low supply is exerting upward pressure on the…
The skinny
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