Benchmark diesel price up, but futures markets take big downturn
The benchmark diesel price used for most fuel surcharges increased this week, but trends are pointing lower.
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The benchmark diesel price used for most fuel surcharges increased this week, but trends are pointing lower.
“Brent Blend” sounds like something Loretta Lynn’s forebears might have distilled in West Virginia.
The benchmark diesel price for most fuel surcharges continues to fall even as other key numbers are rising before a ban on some Russian imports.
Marine fuel rules have become a key factor in diesel prices, but a new set of regulations may actually push downward on the market.
Move will add 35.6 cents a gallon to truckers’ fuel tab.
The benchmark DOE/EIA diesel price used for most fuel surcharges moved higher Tuesday for the first time since early November.
The benchmark DOE/EIA diesel price dropped for the seventh consecutive week, falling by more than 80 cents during that time.
Diesel prices at the pump still have a ways to go to catch up with earlier declines in wholesale and futures prices.
The benchmark DOE/EIA average retail diesel price fell by the second-biggest one-week amount in the history of the data series.
The benchmark DOE/EIA diesel price fell by the biggest one-week amount since 2009.
The benchmark diesel price used to set most fuel surcharges has dropped four out of the past five weeks.
The benchmark diesel price used for most fuel surcharges is down 8 cents this week, with other indicators signaling further market weakness.
The benchmark price used for most diesel fuel surcharges ticked down a couple cents even as futures market are racing lower.
Two key sellers of diesel fuel see supplies being tight but in a market that can adjust to help ensure supply.
The key benchmark price used for diesel surcharges increased as the market absorbs divergent sets of data.
Diesel inventories are “running on fumes,” according to an industry expert Wednesday at FreightWaves’ Future of Freight Festival, but the week’s stock report was encouraging.
The DOE/EIA diesel price move came after days of wild fluctuations in the November contract price of ULSD.
The intersection of natural gas and diesel has likely never been more volatile than it is going into the coming winter.
East Coast diesel prices are soaring at a rate far higher than the rest of the country.
The benchmark diesel price used for most fuel surcharges rose a small amount after two weeks of bigger jumps.
The benchmark diesel prices used as the basis for most fuel surcharges has gained back more than half of an earlier big decline.
The benchmark DOE/EIA retail diesel price recorded the third biggest increase in the history of the series.
The U.S. Department of Energy changed its methodology for determining a benchmark diesel price back in June — and now discloses what that means.
Cummins Inc. adds Minnesota to a growing list of global sites where it is manufacturing electrolyzers for green hydrogen.
Diesel prices soared Wednesday at a rate far higher than crude as traders reacted to a report of tight inventories.
Hurricane Ian has not left any diesel fuel shortages in its wake and prices are steady. That’s not the case in California, where diesel is not as crazy as the gasoline market.
The benchmark diesel price dropped again but may face headwinds from rising futures prices.
Hurricane Ian came ashore in Fort Myers, Florida, just before noon Wednesday. Transportation is starting to feel the impact, with road and port closures in effect.
Clean Energy opened a renewable natural gas station in Groveport, Ohio, as part of an agreement with Amazon.
Two key diesel prices came in Monday at levels that hadn’t been seen since March.
Retailers are coming together to send demand signals for zero-carbon shipping fuels.
Infinium will provide Amazon with enough electrofuels to power its fleet approximately 5 million miles a year.
The weekly EIA/DOE diesel number was down 6.9 cents a gallon for the week and is again below $5.
Diesel futures prices in recent days have plummeted almost 40 cents in just a few trading days, declining far faster than crude.
The benchmark DOE/EIA diesel price, used as the basis for most fuel surcharges, has now fallen 10 of the past 11 weeks.
Werner Enterprises is sure enough of the Cummins hydrogen-powered X15H internal combustion engine engine that it ordered 500 of them.
The benchmark number used for most diesel surcharges declined slightly but lags bigger drops in futures and wholesale prices.
How did fuel costs decline over almost 10 years at a rate far greater than the decline of retail diesel prices?
If the U.S. curbed gasoline and diesel exports, tankers would sail longer distances to replace lost volumes — a plus for tanker earnings.
The Environmental Protection Agency released a report on the Diesel Emissions Reduction Act, including the emissions, health and economic impacts.
The benchmark DOE/EIA diesel price was up, but suddenly weaker natural gas has kept the futures price in check.
The podcast covers three topics: truck insurance, its impact from AB5 and what links prices for natural gas and diesel to the removal of sulfur from fuel.
FreightWaves asks experts how cooking oil goes from frying food to fueling vehicles and answers the question: Does it smell like french fries?
The benchmark price of diesel declined slightly, but diesel futures markets are soaring even as crude and gasoline lag.
The cost of marine fuels is down sharply from the wartime peak, except for ‘clean’ LNG, which is getting even more expensive.
The worst may be over for low water levels on the Rhine, but the impact on the supply chain will take time to fully ease.
The benchmark diesel price published by the Department of Energy has now dropped for eight straight weeks.
An annual ATRI survey reflects the weakening correlation between retail diesel prices and actual trucking fuel costs.
There’s a new report out that should concern diesel buyers.
The most recent IEA monthly oil report outlines some forecasts that should concern diesel users.
The weekly DOE/EIA diesel price has dropped below $5 per gallon for the first time since March.
Diesel has been sliding for weeks but it may be masking underlying tightness. Also on the podcast: Carrier Logistics on TMS.
Diesel prices are high because of low supply. Inventories are likely to stay low in the coming months — here’s why.
Fleetcor Technologies Inc. on Wednesday reported revenues of $861 million in its second-quarter earnings.
The basis for most fuel surcharges has shed more than 67 cents in just six weeks.
The benchmark diesel price used for fuel surcharges now has declined five weeks in a row.
Anahuac Transport Inc. pleaded guilty to potentially contaminating rocket fuel it transported to the Johnson Space Center.
The benchmark DOE/EIA diesel price has now declined for four weeks and the latest drop is the largest since 2014.
Tankers are very busy loading up with American crude oil and refined products sold to overseas buyers.
The benchmark DOE/EIA diesel price was released on time for the first time in four weeks, and registered a more than 10-cent decline.
Three weeks’ worth of benchmark diesel prices have been published by the EIA as it gets past technical issues.
The Jones Act is one of America’s most controversial laws. Reforming it could slash fuel prices, but there are caveats.
The American Power Group sees a 20-year market for its dual fuel system that runs uses natural gas and diesel fuel.
The gap between California’s diesel prices and the rest of the country has been growing for years. An expert gives his views on why.
The benchmark prices for diesel that are used in fuel surcharges continue to be delayed and won’t be announced this week.
The Energy Information Administration is still dealing with technical issues and won’t be releasing — but will be gathering — its weekly benchmark diesel price.
What’s it like to have a totally antiquated supply chain management process and build a new one from the ground up? Karon Evanoff tells her story.
The benchmark diesel price used for fuel surcharges has been delayed and won’t be released this week but will be effective June 20.
The trucking lobby is pushing back on Biden’s call for a gas tax holiday, advocating instead for energy independence.
Oil prices fell hard on Friday, but longer term, a key oil forecasting agency sees structural issues that are boosting diesel prices.
On this week’s Drilling Deep podcast, host John Kingston talks with colleague Henry Byers about the data that shows a coming collapse in ocean freight movements.
It’s a complex chain from crude to the price of diesel at the pump. Fuels expert Gary Bevers reviews some of the factors that go into the process.
As diesel and gasoline prices climb faster than the price of crude, a drop in U.S. refining capacity is seen as a key factor in the explosion in diesel levels.
A new methodology implemented by the DOE to determine its weekly retail diesel price yielded a relatively small increase in the benchmark number.
FreightWaves SONAR data can be indispensable, particularly in this environment.
At a key supply chain forum, executives from FourKites sit down and talk about visibility and the need to meet increasing customer demands.
The benchmark DOE/EIA diesel price, used for fuel surcharges, has reached an all-time record with the latest weekly increase.
Diesel had a strong week in futures and spot markets, but the tight East Coast market is sending out conflicting signals.
It’s another entry point into the business: being a dispatcher. Laura Weston joins Drilling Deep to talk about that route.
The benchmark diesel price for fuel surcharges declined for the third week in a row, while other signs point to easing of East Coast squeeze.
Hard to abate sectors such as long-haul trucking are considering clean hydrogen to decarbonize.
Pitt Ohio’s Geoffrey Muessig says there are steps shippers can take to create a stronger and more profitable relationship with their LTL carriers.
Tax collections are halted until at least July 14. The state’s supply chain emergency edict remains in effect.
Inventories of ultra low sulfur diesel on the East Coast moved down again after last week’s increase, but other statistics may promise relief to some buyers.
The national average benchmark diesel price was down, but the East Coast price was down by a smaller amount.
The Small Fleet & Owner-Operator Summit takes place on June 15, 2022.
Outright diesel prices in the spot and futures markets are declining, and there are other market indicators suggesting possible relief for the East Coast market.
The key price used for diesel fuel surcharges declined, but the signals on the East Coast diesel squeeze remain.
As diesel prices spike and spot rates plunge, independent drivers wonder what their next move should be.
FMCSA has added three fuels to its list of energy products that can be transported beyond normal HOS rules, but will the larger rule be extended soon?
Spencer Tenney speaks on the state of merger and acquisitions in trucking and freight brokerage; host John Kingston addresses East Coast diesel.
Diesel prices have hit a new high. In a Bloomberg interview, one fuel station owner warned of rationing on the East Coast.
FreightWaves founder and CEO Craig Fuller analyzes the continuing decrease in truckload rates for dry van loads.
The International Energy Agency’s closely watched monthly report does not see any significant relief for the current tight global oil market, particularly diesel.
Diesel inventories on the East Coast are at record lows. Truckers are spooked by the vanishing stocks and soaring rates.
East Coast diesel inventories are down more than 50% from January, but some signals suggest an easing may be in sight.
The tight diesel market on the East Coast has lifted retail prices in that region far above the rest of the country.
FreightWaves founder and CEO Craig Fuller analyzes the impact of rising diesel costs on the spot market and the trucking industry.
With first-quarter earnings pretty much all in the book, Todd Fowler of KeyBank discusses how trucking performed in a strong quarter.
Fleetcor’s reported first-quarter earnings Thursday include a steady retention rate of 93%.