Diesel and heating oil supplies in the Northeast are more than 50% below the recent average, raising concerns that an extreme weather event could cause supply disruptions, federal officials said.
FILE - Drivers for an oil delivery company fill their trucks at the Sprague terminal, on Jan. 16, 2014, in South Portland, Maine. –
The Northeast is heavily dependent on heating oil to keep homes warm in the winter, while other regions rely more on natural gas and electricity. Also, the National Oceanic and Atmospheric Administration has projected an active hurricane season, and a powerful weather event could cause disruptions, since most fuel consumed from the Middle Atlantic states to Maine comes from Gulf Coast refineries, energy officials say.
The fuel inventory concerns come against a backdrop of Russian's invasion of Ukraine further shaking up an energy supply chain that was seeking to catch up with growing demand. The war is causingIn New England, the immediate concern in the late summer is diesel fuel, but the winter heating season looms not far behind.
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