In Brief:
- Supply chain issues caused by diesel shortages seem to be easing, with minor disruptions avoided thanks to slight improvements in availability and the restart of some refineries.
- The water level at Lake Powell is rapidly declining, raising concerns it may reach the critical "minimum power pool" level as soon as July.
- Experts suggest that repeated COVID-19 infections could be contributing to the recent surge in respiratory illnesses.
Infant Formula Shortage Expected to Extend Until Spring; Diesel Prices Drop Slightly, Refineries Reactivated; UK Economy Forecasted to Contract Next Year
Reckitt Benckiser, the manufacturer of Enfamil infant formula, predicts that the ongoing formula shortage will persist until spring. Despite this, the situation remains challenging for many families across the country.
While diesel fuel continues to be scarce in the U.S., there has been a modest decline in prices and a few refineries have resumed operations, preventing significant disruptions to essential transportation networks like rail, trucking, and shipping. These efforts have helped stabilize logistics and maintain critical supply chains.
For the most recent national averages on gas and diesel prices, you can check here.
Meanwhile, the economic outlook for the United Kingdom is concerning, with experts forecasting a potential contraction in the economy next year. This comes amidst broader global challenges impacting trade, inflation, and consumer spending.
Stay informed and keep an eye on developments in these areas as they unfold. Let me know if you need any more information or assistance!
Today's #GasPriceUpdate
— Gasoline Tracker (@GasPriceUpdate) October 15, 2023
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