Australia holds only 32 days of fuel reserves, far below the internationally agreed 90-day buffer, according to a wholesale fuel trader who has provided the most detailed insider account yet of the nation's deepening energy crisis.As Middle East disruptions continue to choke Asian refineries, diesel and jet fuel prices have skyrocketed, with regional Australia facing the worst shortages. The crisis exposes what the trader called "the fault of both Labor and Liberal governments" over more than a decade."Australia for over a decade has not met the internationally agreed 90-day buffer of fuel reserves in the country, we sit at roughly 32 days of stock," the trader wrote in a detailed AMA on Reddit. "This is the fault of both Labor and Liberal governments in the past."The trader, who works in pricing, sales and trading at one of Australia's fuel importers, explained that 90% of Australian fuel is now imported, mainly from Asia. Asian refineries are configured to process medium sour crude oil primarily from the Middle East — and when the Strait of Hormuz becomes disrupted, the entire supply chain collapses."Even when the Middle East waterway opens up, it will still be 1.5 to 2 months before the Asian refiners are running at full capacity again," the trader noted. Refineries can't simply be shut down without risking equipment damage, so many are running at 50% capacity while crude feedstock dwindles.Regional Australia is bearing the brunt. Oil majors like BP, Ampol and Mobil have stopped selling on the wholesale market, prioritizing their own retail stations. Independent wholesalers who serve farms and regional communities have been cut off."The oil majors years ago largely exited regional and delivery services to farms etc. Independent wholesale business filled in this gap,They do not import their own fuel, but rather buy on the wholesale spot market — and therefore usually have no term supply guarantees."When Energy Minister promised to to secure diesel for regional communities, the trader was blunt: The trader emphasized that refined products like diesel have spiked far more than crude oil itself — Brent crude rose from $70 to $100 per barrel (40%), but diesel prices increased much more due to regional supply constraints in . the trader concluded.