THE Department of Energy (DOE) assured the public on Tuesday that the country’s fuel inventory remains stable and at a healthy level, with supply enough to last nearly 45 days.
Energy Secretary Sharon Garin gave this update during a virtual briefing, noting that stocks have not dipped to alarming levels even amid ongoing global tensions. “As of now, our fuel inventory remains sufficient. Our supply is in good shape and steady. It has maintained a very healthy level until now since the start of the war. There is no disruption to the supply,” Garin emphasized.
As of July 24, the DOE released the estimated supply endurance for major petroleum products: gasoline at 44.79 days, diesel at 42.38 days, kerosene at 125.76 days, jet fuel at 77.12 days, fuel oil at 37.75 days, and liquefied petroleum gas (LPG) at 35.77 days. The figures show ample reserves across all categories, with kerosene and aviation fuel having the longest supply runway. This means consumers and industries can rely on steady deliveries even as international market movements continue to fluctuate.
While pump prices saw another round of significant increases this week, DOE Undersecretary Alessandro Sales pointed to positive developments that could reverse the trend next week. He explained that recent shifts in global diplomacy have already pulled down prices in trading sessions. “While we did have an increase this week, there have been developments since Friday and into Monday that have caused the price to go down rapidly,” Sales said.
Two key factors driving this outlook are China’s entry into third‑party mediation efforts through Pakistan and the reported halt of missile exchanges between the United States and Iran. “These two positive signals have pulled down the price in Friday trading as well as last night’s trading. Glimmer of hope there that potentially this week will bring us lower prices for next week,” Sales added. The DOE continues to closely monitor global markets and supply chains to ensure domestic energy security.
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