You are currently viewing Billionaire CEO Says Fuel Rationing May Be Around The Corner

Billionaire CEO Says Fuel Rationing May Be Around The Corner

CEO of United Refining Co., John Catsimatidis said Wednesday the East Coast may experience diesel rationing and shortages this summer, Bloomberg reported.

“I wouldn’t be surprised to see diesel being rationed on the East Coast this summer,” said Catsimatidis during a phone interview, the outlet reported. “Right now inventories are low and we may see a shortage in coming months.”

Catsimatidis claimed that there won’t be a shortage of regular gasoline, but prices would soar to record highs. (RELATED: ‘That Strength That We’ve Built Is Inflation’: Biden Attempts To Explain Plan To Address Rising Prices)

“Drivers will pay the highest gasoline prices ever paid for Memorial Day,” Catsimatidis said.

NYC billionaire and gas station owner John Catsimatidis warns that the East Coast may face diesel shortages and rationing this summer https://t.co/dBLac7atW6

— Bloomberg (@business) May 11, 2022

National inventory levels are reportedly at a 17-year low after President

..... (Read more by following the post link below)

This post was originally published on this site

Also See...