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IPFS News Link • Business/ Commerce

2 fuel retailer groups have a message: There will be enough diesel

• https://www.freightwaves.com by John Kingston

Two major retailers of diesel fuel have released a joint statement that seeks to tell the consuming community everything is going to be OK.

David Fialkov is the executive vice president of government affairs for both the National Association of Truckstop Owners (NATSO) and the Society of Independent Gasoline Marketers of America (SIGMA). SIGMA's largest members tend to be big gasoline and diesel independent retailers such as Sheetz or Wawa.

In the statement released Tuesday, Fialkov tried to give assurances that the market is working to ensure supply.

"Diesel supply is tight and diesel inventories are low," he said in the prepared statement. "This is a structural problem, but the market is adjusting to get product where it needs to be as efficiently as possible. Absent a disrupting event, the current period of vulnerable stability can continue."

(This writer has attended SIGMA annual meetings in the past and as one of their outside attorneys noted more than once at those meetings, their members would list supply as their first, second and third most important issues. The member companies, as with NATSO, are not part of a larger independent oil or refining company so cannot look to a parent or associated company for supply.)