Industry Insiders Warn that Winter Blackouts Across the US are Possible as US Heating Oil Supplies Lowest In Decades
Americans are hoping the energy crisis in Asia and Europe won't spread stateside. But industry insiders warn that winter blackouts across the US are possible as low fossil fuel stockpiles may lead to shortages amid heightened demand. The latest concern is ultra-low stockpiles of heating oil (distillate fuel oil). In the winter of 2019–2020, about 5.5 million households used heating oil as their primary heating source, and 81% of those households were in the Northeast. Energy Information Administration (EIA) reports there are only 31.2 days of the demand for heating oil, the lowest levels since 2000. Low stockpiles ahead of cooler weather could be problematic for consumers who may be burdened with high energy costs, or worse, fuel shortages. Below is the two-week forecast for the US Lower 48, underlining cooler weather trends are nearing and how consumers shouldn't wait until the last minute to fill up their tanks.