Overseas Headlines – May 2, 2022

United States:

Filling Up With Diesel in U.S. Has Never Been More Expensive

“Diesel prices are surging to the highest level on record as the global fuel-supply shortage hits American truckers, farmers and users in just about every sector of the U.S. economy. Retail diesel averaged $5.18 a gallon on Thursday, the highest in records going back to 2005, according to auto club AAA. Prices jumped in recent days amid record futures contracts and decades-low stockpiles, further squeezing consumers dealing with decades-high inflation.”



Europe’s Logistical Headaches Mount in Isolating Russian Cargo

“Russia’s war in Ukraine is gumming up logistics across Europe, in unexpected places like a pop-up container yard that’s a 90-minute drive west of Copenhagen. Maersk has a staging area in the Danish harbor town of Kalundborg for boxes loaded with Russian cargo that’s been targeted by sanctions and now needs to be inspected and rerouted to other buyers.”



Asian Factories Defy China Slowdown as Euro Area Loses Momentum

“Asia’s factories did a better job in the past month than their European counterparts of weathering the impact on global supply chains of China’s lockdowns and the conflict in Ukraine.”




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