America won’t run out of diesel fuel before Thanksgiving, as Fox News host Tucker Carlson and others have claimed on social media.
Since the coronavirus pandemic began in 2020, Americans have seen shortages of everything from baby formula to prescription drugs like Adderall.
Fox News host Tucker Carlson announced on October 27 that “on Monday of Thanksgiving week,” or in 25 days, “there will be no more diesel” in the US A tweet including a video clip of the segment from “Tucker Carlson Tonight” which has garnered more than 316,000 views.
Several VERIFY readers, including Robert, also asked the team if the US would run out of diesel fuel in the next 25 days.
Will America run out of diesel fuel in the next 25 days?
No, the United States will not run out of diesel fuel in the next 25 days.
WHAT WE FIND
The number that Carlson and others are citing comes from US Energy Information Administration (EIA) data. For the week ending October 21, EIA data showed the United States had a 25.9-day supply of diesel fuel.
But oil experts tell PROV the number doesn’t mean the US will run out of diesel fuel in less than a month.
Instead, the index measures the value of the day’s supply if U.S. refineries stop producing oil and the industry stops importing oil from other countries. It’s calculated by taking US inventory and dividing it by daily demand, Houston-based oil expert Andy Lipow explains.
“We will not run out of diesel within 25 days unless we simply stop production or import and reduce inventory. I know of no government agency that predicts the country will run out of diesel by Thanksgiving,” Lipow said.
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Patrick De Haan, head of oil and gas analysis at GasBuddy, agrees. He said the claim that the US would run out of diesel fuel in 25 days was “totally incorrect”, explaining that the number was “used as an industry standard to look at the overall supply and demand balance”. .”
“It implies that refineries have been sluggish, or over the past few months, lost in the battle of supply and demand – that demand is overshadowing supply,” he added. “That’s why that number has dropped slightly.”
This is not the first time the number of supply days is close to 26 days in the past several years. In 2019, it hit a yearly low of 26.5 days.
If refiners can supply more than they need, that number will slowly increase. Supply has increased slightly from a 25.4 day supply for the week ending October 14 to a current supply of 25.9 days.
Several factors have contributed to current supply and demand problems, including the COVID-19 pandemic, the closure of several refineries across the country, and sanctions on Russian oil due to the war. in Ukraine, De Haan said.
As for concerns about diesel fuel shortages, experts told VERIFY that the situation has not yet risen to this level.
Ed Hirs, an energy expert at the University of Houston, said there are no reports of gasoline or diesel shortages in the US.
However, supplies of diesel fuel were “very tight”, putting the system “under stress”, according to De Haan. That means people can pay a higher price at the pump and the price of energy can go up.
“But it’s still not to the point where people will notice widespread disruption [and] power outages are widespread, so I don’t agree with seeing it as a shortfall,” De Haan said.
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https://www.king5.com/article/news/verify/gas-prices-verify/will-us-run-out-of-diesel-fuel-in-25-days-fact-check/536-6ca84fc6-8518-4a71-b07c-c5258bbacc55 U.S. isn’t running out of diesel fuel in 25 days