Fuel News

Commodity and wholesale prices are falling sharply, but retail numbers are not falling as fast.

The latest IEA report shows an oil supply/demand imbalance may be on its way to easing.

Whether it is difficulty restocking gasoline stations or the need to move agricultural products around due to drought, the waivers seek to boost trucking capacity.

Growing concerns about oil demand declining as a result of the Delta variant are pushing prices lower.

Also on the podcast: The investment drought in oil setting the table for higher prices

The increase in the benchmark comes even as commodity markets experience another Monday dip.

Diesel sales were up 21.2% from last year, but were less profitable on a per-gallon basis

Also on this week’s podcast: A shoutout to fuel surcharges.

High demand for jet fuel out West from firefighting crews and airlines is affecting commercial flights and cargo (forecast video included).

The 12-week run of increases added 31 cents to benchmark price from its starting point.

Also on the podcast: the current roller coaster in diesel prices.

Twelve consecutive weeks of increases in the basis for fuel surcharge is countered by a big decline in commodity markets.

Also on the podcast: A key agency reviews the outlook for the tight oil market.

Commodity oil markets swung wildly last week but ultimately trended down overall.

Also on the podcast: Why the latest OPEC meeting was so unique

The key benchmark price for trucking companies tracked the higher numbers in the wholesale market.

An expected increase in output has been put on hold over failure to reach consensus on a dispute involving the UAE.

The president won’t consider raising fuel taxes to pay for highway and road spending, effectively killing the 65-year-old program, Mullett claims.

Commodity petroleum markets Monday trended lower on Delta variant fears and possible OPEC+ action

Hapag-Lloyd now will add 12 23,500-TEU container ships to its fleet beginning in 2023.