The U.S. Energy Information Administration (EIA) forecasts East Coast distillate inventories to remain 20-30% below the five-year seasonal average through winter, with September stocks already 32% below the 2021-2025 average. Limited regional refining leaves the East Coast reliant on Gulf Coast shipments and foreign fuel, with imports typically covering only about 15% of consumption from December through February. National retail diesel prices have nevertheless fallen to $6.199 per gallon on October 5, from $6.529 on September 21. If elevated fuel costs slow broader inflation relief, they could delay easier financing conditions for Bitcoin investors.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
