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New York Fuel Supply Is So Low It Triggered White House Warning

  • Stockpiles are at or near lowest ever for this time of year
  • Gulf Coast fuel exports set to dip with rising domestic demand
Cars pull in to refuel at a Hess Corp. gas station in the Brooklyn borough of New York.

Cars pull in to refuel at a Hess Corp. gas station in the Brooklyn borough of New York.

Photographer: Craig Warga/Bloomberg

The New York area is running so low on fuel that the Biden administration is warning of government action to address exports and suppliers are resorting to expensive US tankers to restock the region. 

Inventories of East Coast distillates including diesel are languishing at the seasonal lowest levels ever, while gasoline stockpiles in the New York Harbor area emerged from historic lows only last week. The administration could take “emergency measures” if refiners don’t limit exports to replenish domestic stockpiles, Energy Secretary Jennifer Granholm wrote in a letter last week to companies including Exxon Mobil Corp., Valero Energy Corp., and Phillips 66.