Fuel News

FreightWaves CEO Craig Fuller writes about methods to lower diesel fuel expenses for large and small trucking companies.

Fuel is the second-largest expense for trucking fleets, after labor. Every penny a fleet saves on fuel goes directly to the bottom line. Predicting where wholesale rack diesel prices will go has always been tricky. SONAR, FreightWaves’ forecasting platform introduces next day wholesale rack ULSD predictive prices.

(Updated with comments from Love’s spokeswoman on size of growth in 2019). Love’s Travel Stops’ growth plans this year are in line to slightly more aggressive than those of 2019 and 2018. In a prepared statement Thursday morning, the truck stop and store operator said it was going to open “up to” 40 stores this […]

A new book places IMO 2020 in the context of a potential “third revolution” for shipping.

What does it mean to be “energy independent?” The President of the United States thinks the country is there now. On this week’s Drilling Deep podcast, host John Kingston talks about how the U.S. can never truly be independent under most definitions. But that doesn’t mean that things aren’t a lot better than they used […]

There’s one pairing of numbers that indicate the U.S. is energy independent. But beneath those numbers, it gets a lot less clear.

Moreno Valley ignored environmental regulations when it greenlighted construction of the World Logistics Center, one of the largest complexes in the country.

Amazon has enabled customers to pay digitally at gas stations via Alexa, which can confirm the station location and pump number and activate the pump for drawing fuel.

The principles of Environmental/Social/Governance are going to be a factor in the future, according to Morgan Stanley

There are plenty of individual interests likely to want enforcement of IMO 2020. But is the market incentivizing noncompliance?

The “New Year’s Eve surprise” may have been a first step toward getting the California trucking industry out from under the AB5 legislation that will have serious consequences for the independent owner operator model. Weston LaBar is the CEO of the Harbor Trucking Association, which represents the drayage industry. He spoke on the Drilling Deep […]

Diesel prices, like all commodities, are priced based in real-time based on the balance of supply and demand. Before we dive into how diesel prices are generated, we should discuss the two most important factors in what prices consumers will see at the pump: retail and wholesale.

The study looked at 85 different technologies that can help drive fuel efficiency.

Benchmark crude oil prices were up roughly 4% overnight and into Friday on international markets in reaction to the U.S. airstrike that killed Qasem Soleimani, the leader of the Iranian Kuds force. At approximately 7:45 a.m., Brent crude on the CME was up 3.88% to $68.82, a gain of $2.57/barrel. WTI, the U.S. benchmark, rose […]

Most big rigs in the U.S. have tanks that range in capacity from 120 gallons per tank up to 150 gallons and depending on the radius of operation, may have one tank for shorter hauls or two tanks for longer ones.

There were plenty of things that could have sent the market spinning higher, but the range for retail diesel prices was relatively narrow.

IMO2020 is an environmental rule effective January 1, 2020 that regulates how much sulfur a ship can give out in its exhaust.

The squeeze on capex is likely to be a determining factor on the oil patch activity levels next year.

Ben Thrower writes about recent changes in Mexico’s oil policies and how they may harm the country.

This analysis was distributed earlier this week as a Deep Dive offering to subscribers of FreightWaves’ SONAR market dashboard. The author is SONAR’s market expert on oil. If you think the price of gold says nothing about the inherent value of commodities — or the value of anything — then you can stop reading right […]