The cost for diesel fuel — used by farmers and truckers to supply Americans with products they need — is up 75 percent from last year.
on the ongoing pain for American consumers at the pumps, especially within the Northeast region of the country:
Prices are even steeper in the Northeast region because it has fewer refineries than the rest of the country: In New York, for instance, prices are as high as $6.51 per gallon – a stunning 102 percent increase from one year ago. Fox reported that instead of returning to the domestic fossil fuel abundance — and low gas prices — enjoyed under former President Donald Trump’s administration, his successor, Joe Biden, is turning to use energy reserves stockpiled in case of war or other national emergencies:
White House officials have readied an emergency declaration that would allow President Biden to release diesel from the Northeast Home Heating Oil Reserve in order to deal with short-term supply shortfalls if conditions further deteriorate.The Northeast Home Heating Oil Reserve, which was created in 2005, consists of about 1 million barrels of diesel, roughly a day’s worth of supply in the region. The reserve has only been tapped once before, in the aftermath of Hurricane Sandy in 2012.
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