Gas and diesel shortages in the U.S. could spur inflation

Gas prices in the U.S. could rise this winter due to lower-than-normal inventory levels. The country's Federal Energy Regulatory Commission warned about this, Prime reported. In addition, diesel inventories in the States have also declined significantly. Both of these factors could spur inflation not only domestically, but also abroad.

According to the U.S. Department of Energy, U.S. stocks of diesel fuel have fallen to their lowest level since 2008 - the agency estimates that they will be sufficient for only 25 days. Against this backdrop Washington is considering a ban on exports. However, in this case European and Latin American countries that rely on supplies of this fuel from the U.S. will face a deficit. Since diesel is widely demanded in modern economy - it is used in land and sea transport, special equipment - its shortage will provoke price increase in different sectors including cargo transportation, real estate and other. In the current situation, given the rise in the price of diesel, only the refineries in the United States, which earn record profits from its production, stand to benefit.