Diesel inventories in the United States and around the world are low and there is growing concern about what tight supplies could mean heading into a cold winter. Below, AFPM’s industry analysts explain (1) what’s behind this particular supply chain challenge, (2) how U.S. refiners are adapting operations to meet consumer needs (i.e., running full out and maximizing distillate production) and (3) the role government might play in bringing about resolution.
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Despite opposition from thousands of elected officials, state agencies, businesses, community groups and other stakeholders, EPA pressed ahead with its tighter ozone standards from 75 parts per billion (ppb) to 70 ppb on October 1st last year - a move that is expected to cost $1.4 billion annually and provide little economic benefit.