A diesel shortage south of the border could trickle to Canada causing price spikes combined with an overall rise in prices, says Dan McTeague, president of Canadians for Affordable Energy, a senior petroleum analyst for GasBuddy.com, and an 18-year veteran of the House of Commons.
A diesel supply shortage has been gripping the United States of late, with the White House declaring on Oct. 23 that reserves are down to 25 days of supply.
In an interview with The Epoch Times, McTeague said that diesel demand is “extraordinarily strong and production is just not there.”
McTeague predicts the further east you go in the continent, the worse the shortage will be, on top of an ongoing supply crunch. U.S. diesel supply shortages are critically low, he says, and Canadians are going to feel it….