Europe is bracing for a diesel shortage, much like the one in the U.S. Diesel inventories are at a 12-year low in the E.U.
Experts say that supplies will be replenished in December and January but that leaves a tricky few months in between. And Bloomberg reports the worst diesel shortage will hit in the Spring. The E.U. has backed itself into a corner by putting sanctions against imports of Russian products that could replenish the shortage. This will put a crunch on supplies of all kinds and contribute to increased costs of living. Maybe that’s why retailers in the UK say that they are not expecting a very festive holiday season.