Fuel prices and developments affect the entire supply chain, and can place a lot of pressure on carriers. Check back here for news and information related to fuel prices and the gas sector, plus insights and analysis on trends and issues impacting the industry.
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Fuel levies on U.S. customers to rise 100 basis points for air and ground services, source says.
Also on the podcast: The growing tie between high natural gas prices and what you’re paying for diesel.
The latest rise is the smallest of the past four weeks but still a hefty 4-plus cents per gallon.
Also on the podcast: checking on the numbers in the red-hot diesel market.
Several large retailers are pledging that in less than 20 years, they will ship goods across the ocean without emitting greenhouse gases. Some environmental groups say that’s not soon enough.
The benchmark price for setting fuel surcharges is now at its highest level since November 2008.
This episode also dives into the tight inventories facing the diesel market.
The transportation industry needs to transition to cleaner fuels to keep global temperature rise below 1.5 degrees Celsius. Green hydrogen-based fuels have potential to decarbonize shipping, aviation and long-haul trucking, according to recent reports.
Inventories are tightening, and the diesel gains are running stronger than crude.
Cost of fuel consumed by container ships, bulkers and tankers is effectively at a seven-year high.
The Sustainable Shipping Initiative’s recent report on marine fuels urges the inclusion of all aspects of sustainability, such as air quality, human rights, water, social equity, land use and of course, greenhouse gas emissions.
The increase of more than 7 cents is the highest jump since March, while the outright price is the highest since December 2014.
Also on the podcast: A roundup of recent news in the oil and diesel world.
An ATRI study shows how electric vehicles can be taxed to keep the Highway Trust Fund from going bankrupt.
Commodity diesel prices also rose on Monday, up toward October 2018 levels
Trucks release a lot of data. Two attorneys from the Benesch law firm discuss the ownership of that data on this week’s podcast.
“Currently, sustainable aviation fuel accounts for less than 0.1% of the world’s use of aviation fuel. We want to help our customers use more SAF,” said Anna Mascolo, president of aviation at Shell.
Fuel hedging expert Elaine Levin explains her bullish outlook on price hedging and how it can help carriers lock in their fuel budget.
Renewable diesel is the hot new market in the fuels business. An expert discusses why.
SkyBitz executive Ken Moore explains how remote fuel storage tank monitoring works and why it can help reduce freight costs in a fireside chat at FreightWaves’ Fuel Buyers Summit.
“The lower the carbon intensity of the fuel, the higher the value,” Megan Boutwell, VP of operations at Stillwater Associates, said about low-carbon fuel standards.
Stephen Jones of Argus Media is one of the company’s leading analysts. He shares the Argus view of the market at the FreightWaves Fuel Buyers Summit.
Even as the benchmark number rose, diesel on the key commodity exchange declined sharply.
Times are very good for independent drivers, according to a person who works with their finances.
FreightWaves has a diverse group of experts to talk about the No. 2 cost for trucking companies.
There is still lots of lost crude oil production in the Gulf of Mexico from Ida.
The Biden administration set a target to produce 3 billion gallons of sustainable aviation fuel by 2030. Domestic production currently sits around 4.5 million gallons per year.
FreightWaves’ Brian Straight was at the big conference for home delivery in the city of brotherly love.
Even as the benchmark number for surcharges rose, the commodity price Monday took a significant downturn.
Last week’s commodity diesel prices were higher after big declines the previous week.
Loss of refining capacity seems to be spooking traders more than the crude production outages in the Gulf of Mexico.
Also on the podcast: The founder of a logistics startup surveys the pre-holiday supply chain.
A.P. Moller – Maersk expects to save about 1 million metric tons of CO2 emissions annually with eight dual fuel container vessels.
On the same day, the commodity price of ultra-low sulfur diesel took a huge upward move.
The downward pressure on oil markets can be summed up by the two D’s: delta and dollar.
Also on the podcast: Trimble’s Delaney looks at the TMS landscape today.
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.
Also on the podcast, host John Kingston talks about one of the final “return to normal” numbers being achieved in oil markets.
Rising fuel costs are yet another woe for containerized cargo shippers, while widening spreads should benefit ships with scrubbers.
KeepTruckin has unveiled Fuel Hub, a telematics-based machine learning tool that can help identify drivers and vehicles that may be using more fuel than needed.
The price gap between wholesale and retail levels at lowest level of 2021.
The benchmark number for fuel surcharges isback to levels not seen since ’18.
Wood is a problem and plastic is expensive; it’s just one more pressure point to worry about in the supply chain.
The District Court of The Hague in the Netherlands on Wednesday ordered Royal Dutch Shell (NYSE: RDS.A) to reduce its carbon dioxide emissions by a net 45% compared to 2019 levels by the end of 2030. Friends of the Earth Netherlands (Milieudefensie), six other organizations and more than 17,000 co-plaintiffs, who issued a document to […]
After an 85% revenue jump, the South Korean carrier turns its attention to meeting its carbon neutrality target.
Bearish factopr: China demand may be slowing. Bullish factor: Still lots of growth the rest of the year, according to Platts.
Also on the podcast: Why a weaker dollar isn’t great news for diesel buyers.
The Energy Observer is on a seven-year cruise to publicize the role alternative energy could play in the shipping industry.
Big gains in prices in the Southeast on the back of Colonial woes helped propel the benchmark number higher.
Also on the podcast, KeyBank’s Fowler talks about what blowout Q1 earnings said about the state of trucking.
The move by Phillips 66 will see the company take a stake in a soybean processing supply chain to ensure it gets enough feedstock for its ambitious renewable diesel strategy.
The optimistic news about a return to normal helped push down commodity diesel and gasoline prices.
The return of the pipeline was being announced just as supplies of diesel were starting to become an issue.
Racetrac, Love’s and Pilot Flying J release list of stations with gasoline and diesel outages due to the Colonial shutdown
A run on gasoline by individual motorists has drained inventories out of the stations and into the tanks.
The timing of the survey and events Monday regarding Colonial Pipeline suggest there was no impact on the price from the closure
There were plenty of conditions attached to the pipeline’s statement, but the diesel market is relieved the shutdown won’t last too long.
t is going to be less-transparent cash markets that drive what diesel buyers are going to be paying at the pump for the market suddenly hit with a loss of supply.
A glut that might develop in the Houston area can’t easily be transferred without the services of the giant pipeline
Also on the podcast: A renewed surge in diesel prices.
As economies of scale make hydrogen production more affordable, the aviation industry’s interest in hydrogen-powered aircraft is growing.
Clean Energy announces more than 10 RNG fueling agreements and expansions in the solid waste industry.
A National Biodiesel Board study estimated that biodiesel exhaust is 72% less carcinogenic than exhaust from conventional diesel.
Diesel sales at the company showed a slight decline from the fourth quarter but were significantly higher than Q1 2020.
The increase marks the first rise since four weeks of declines and one week of status quo.
Also on the podcast: the flat market in diesel of the past few weeks may be disappearing.
Pennsylvania’s move to scrap fuel taxes could change how states generate revenue to pay for road projects.
It was the first time in more than two years that the price was unchanged week to week.
Tenstreet’s Crawford talks about what he’s seeing in the flow of new driver applications.
y using a certain type of natural gas, and measuring its life cycle, a manufacturer of engines says its technology has a carbon impact of less than zero.
FreightWaves introduces FreightWaves Carbon Intelligence. Learn more here!
It is difficult to measure the precise size of the impact on retail fuel prices, but there are signs it is in the double digits.
Retail prices fell even as wholesale and commodity prices increased.
One significant difference from traditional hedging: There is no chance of hedging losses, just upfront fees instead.
Also on this week’s podcast: Conflicting info about the US oil upstream that might actually be in sync.
The think tank report sees the funding coming from the service centers as a means to help rebuild interstate highways.
After the latest 1.5-cent decline, diesel is down 6.5 cents from the end of its 20-week run.
Needing to know where your freight is spawns incredibly competitive market
The earlier 20-week string of increases still has the price up about 50 cents more than when 2021 started.
After a February decision not to increase output, which was unexpected, the group does the unexpected this time again and decides to put more oil on to the market.
Also on this week’s podcast: Why return to air travel could have impact on diesel prices.
