The supply crisis on the East Coast is growing worse, raising the specter of fuel rationing just as the US enters what is typically the heaviest time of year for consumption. East Coast distillates stockpiles, comprised of diesel and heating oil, drained to a new low in records going back to 1990, according to weekly data from the Energy Information Administration. Gasoline inventories in the New York-region fell to their lowest level for this time of year in records going back to 1993. Tanks are draining even as Gulf Coast fuel makers send as much gasoline and distillates as can fit on the Colonial pipeline to the East Coast. Local refiners increased run rates to 98.2%, the highest level since July 2018, and imports for gasoline and distillates rose. Still, the efforts to restock inventories were offset by a rise in weekly national demand. “Shortages will gain momentum,” said […]