E112: Fueling Harvest in an Energy Drought
A host of factors — from the war in Ukraine to the global pandemic — have been putting the refined fuels market through the wringer, both in the US and around the globe.
The result — record low inventories in recent months for fossil fuels from gasoline and diesel to propane and natural gas. The inevitable price increases have helped contribute to price inflation for consumers, but for farmers, the prospect of securing enough fuel to harvest and dry down their crops is an additional hurdle.
Today, DTN’s Refined Fuels Analyst Brian Milne joins us for an update on where these fuel markets are today, how they’re likely to trend over the coming weeks and months, and what farmers should be on the lookout for as winter approaches.
We’ll discuss the unusual summer driving season, some optimistic news on propane availability, and how economic strain might lessen the diesel shortage. Then we’ll talk through the global picture, the weather forecast, and the timelines for alternative fuels