EU’s Russian fuel ban may cause shortages during NY’s peak season

ShortagesHot SpotsFuelNuts & Bolts
Written By Jennifer Joslyn
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⛽️ EU’s Russian fuel ban may cause shortages during NY’s peak season.

Seasonal gasoline stockpiles are already at a decade-low, and the ban on Russian fuel means that the East Coasts can’t rely on its backup supplies during the peak driving season over the summer. Transportation of gasoline from the Gulf Coast to the East Coast is choked by insufficient pipeline capacity and a likely price spike could bring East Coast gasoline customers back to the $5 mark. Suppliers are likely to start taking creative actions.

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