Fuel News

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.

Twenty-week streak of increases is halted as retail diesel prices react to earlier declines in wholesale and commodity markets.

Also on the podcast: Why retail diesel prices don’t drop as fast as declines in wholesale.

Some data had been suggesting a decline was likely but the survey showed a small upward movement.

Also on the podcast: Did Joe Biden help boost the price of oil?

Diesel fell less than crude oil, signaling selling of crude as a financial asset more than diesel.

Since the price started its run in November, it’s up more than 81 cents per gallon.

The Great North is taking the slow road on implementation

Evolve keynote: Inevitable failures and what we can learn from them.

Collin McLelland sits down for a live episode of his podcast with SkyBitz’s Anton Albrand.

“I personally think that the possibility that this pipeline is going to be emptied is much, much higher than it was before this administration was in office.”

Keynoting an Evolve summit session, Dan Pickering and Scott Gale call for traditional, transitional energy players to meet in the middle.

FreightWaves’ John Kingston outlines how the rising price of crude flows through to cargo shippers and how it changes the trucking-versus-rail equation.

Venture capital in oil and gas pales by comparison to climate technology investment, but there are potential unicorns out there.

For all the increase in retail prices, it went up far less than the national rise in wholesale diesel prices.

Also on the podcast the continuing surge in diesel prices.

Prices continued to rise into Friday on the news that threw conventional wisdom aside.

“American customers will be able to choose to transport their goods using LNG, a new technology that helps to preserve air quality by eliminating almost all atmospheric pollutants,” said CMA CGM CEO Rodolphe Saadé.

The oil and gas upstream industry went through a wild ride in 2020 that continues in 2021. A leading analyst of its fortunes joins GSCW to talk about it.

The truckstop operator, in the midst of a makeover, saw its diesel sales far exceed any recent quarter.

Several significant steps on the road to electric vehicles have occured just in the past few months.

TruckLabs founder and CEO Daniel Burrows joins Kevin Hill, executive publisher at FreightWaves, to discuss fuel efficiency for trucks and post-COVID changes in the automotive supply chain.

Diesel prices have largely regained all of their declines recorded since the start of the pandemic.

Also on the podcast this week: The soaring price of diesel and the impact from the Texas cold snap

Companies a small slice of retail landscape in state, but their numbers suggest significant outages of diesel supplies due to lack of fuel or electricity

Not only did the DOE price rise again, the 7.5-cents-a-gallon increase is the largest in the streak that goes back to November.

Preeti Pande, the hydrogen solution provider’s chief marketing officer, comes with extensive fuel cell industry experience and a Ph.D.

FreightWaves’ interviews are sure to spark discussions among industry insiders.

One longer-term concern is refineries in the cold can suffer damage to their units that take a long time to get right.

On podcast, Amit Mehrotra of Deutsche Bank looks over the reports for the last quarter of last year

Retail prices have not yet fully caught up with recent wholesale numbers, suggesting higher prices are likely.

For the 14th consecutive week, the average retail price of diesel has risen. The Department of Energy/Energy Information Administration average retail price of diesel rose 6.3 cents per gallon to $2.801 a gallon effective Monday. That increase is the largest in the 14-week run of higher prices. The previous high price increase was 5.8 cents […]

Business payments company FLEETCOR Technologies Inc. reported EPS 19 cents above estimates for the fourth quarter.

Level has not been this high since March, but still is more than 20 cents less than last year at this time

When drivers get a chance to give anonymous feedback to their employers, they often use the services of WorkHound, a cell phone-based service that can send back their thoughts, good and bad. Founder and CEO Max Farrell joined host John Kingston on the Drilling Deep podcast this week to talk about his company’s service and […]

Short of a conflict in the Middle East and its adjacent shipping lanes, it is hard to see a spike in tanker spot rates in the near term.

Ryder offers a wide range of alternative fuel vehicles based on customer demands, total cost of ownership and sustainability goals. FreightWaves interviewed Richard Mohr, CTO at Ryder, to dive deeper.

Third-longest increase in 27-year-old series

A Shell and Deloitte joint study addresses economic, technical and regulatory factors related to decarbonizing road freight.

NACFE’s Mike Roeth talks about a year like no other

Are oil and diesel prices leading other commodity prices, or are they lagging?

Run of hikes a rare occurrence in 27-year history of data series

The Fuels Institute dives deep to find the impacts that different transportation-related environmental initiatives have on consumers and the environment.

Each company is the other’s “preferred partner” in the factoring/truck stop cooperation

Consecutive streak of increases is longest in almost eight years

Pandemic-driven factors in 2020 had impacts that are not likely to be repeated

Some market signs point to gains fizzling out for now.

Final DOE/EIA diesel price shows more than 44-cent drop from first price of 2020

Plenty of distillate molecules to go around plus no collapse in high sulfur reversed all conventional wisdom, Morningstar says

Comparing first month to prices out in future a solid way of figuring out whether stocks are growing or tightening

Plug Power’s hydrogen solutions are expanding into Walmart e-commerce applications after proving effective in the company’s grocery and retail networks.

Diesel market has strength not seen since April

Electric vehicle startup Xos Trucks has inked a deal with Dickinson Fleet Services involving the purchase of five medium-duty, zero-emission, fully electric service trucks. Under the order, the electric truck company will build and deliver five medium-duty vehicles that DFS, headquartered in Indianapolis, will dedicate to servicing electric vehicle fleets as well as traditional diesel […]

Renewable natural gas (RNG) is having a moment, and California, naturally, is at the epicenter. In 2020, a company that sells renewable natural gas to California medium- and heavy-duty trucking fleets can charge as much as $10-$12 per diesel gallon, according to Cliff Gladstein, president of Gladstein, Neandross & Associates (GNA), a leading clean transportation […]

Most recent gain is 2.4 cents a gallon

The EV Fleet Savings Calculator allows businesses with medium- to heavy-duty fleet vehicles to explore EV investment estimates based on fleet sizes, infrastructure, budget and other factors.

Three-week total an increase of almost 12 cents a gallon

Commodity and wholesale prices way up, but weekly DOE retail average number lagging

Rumours of diesel’s death under the incoming administration are greatly exaggerated, industry advocates say.

While each fuel-efficient conveyance may consume less fuel per mile, the cost savings may induce more miles to be driven.

The weight of an electric semi truck battery has been a longstanding conundrum for electric vehicle advocates, as conventional wisdom posits that it would need to be so dense and heavy as to displace cargo, putting the trucks at a disadvantage compared to diesel competitors. The range of an electric battery is the other big […]

Increase follows movement in commodity and wholesale markets

One of the world’s largest OEMs to back California and Biden transportation electrification goals

The weekly DOE/EIA average retail diesel price rose 5.8 cents a gallon Monday to $2.441 a gallon. That’s the highest one-week increase in prices since September of last year when Hurricane Dorian was impacting oil markets.  The increase also brings the weekly price up to the highest level since Aug. 31 of this year  when […]

People aren’t going out as much and that is putting a small but notable squeeze on one part of ambitious renewable fuel plans

Nine California state legislators send letter to Gov. Gavin Newsom urging him to take a technology-neutral approach to decarbonizing medium- and heavy-duty trucking.

The weekly Department of Energy/Energy Information Administration average retail diesel price released Monday, the basis for most fuel surcharges, rose 1.1 cents to $2.383 per gallon. Here’s a scorecard of some oil price moves in recent days.  — The DOE/EIA price from a week earlier, $2.382 per gallon, was the lowest DOE/EIA price since August […]

The incoming Biden administration is expected to increase regulatory oversight of electric and self-driving vehicles.

Ryder is a major seller of used trucks. So it was notable that in its quarterly earnings report, it said the amount of money it was getting from the sale of used trucks was better than its estimates and that the market had been a pleasant surprise. To talk about the market for used trucks, […]

A Canadian trucking and logistics company has put money down on 150 Tesla Electric Semis in what could be the biggest big rig order yet for the electric vehicle company.

Beset by poor margins, refiners have announced closures and are expecting a lot more in the not-too-distant future

But margins made on those diesel sales were down from 2Q and last year

California air quality chief on short list to helm Biden EPA; 125 zero-emission models in production; LA mayor seeks proposals on zero-emission drayage technology.

Zero-emissions credit sales drive Tesla profitability; heavy-duty truck manufacturers to access REC markets

The maker of fuel-efficiency technology for heavy-duty trucks bets on logistics software and the carbon markets.

Drop in stocks relative to demand was the biggest ever in the latest report; demand figures finally seem to be reflecting strong trucking market

Also on this week’s edition: diesel did something last week it hasn’t done in at least 30 years.

The Western States Hydrogen Alliance will focus on maximizing rollout of hydrogen fuel cell electric technology across multiple commercial sectors in 13 Western states.

The groups say more federal oversight is needed for the transport of liquefied natural gas by rail.

Soon after Dave Ables took over as president and CEO of Dart Transit Co. and as the first days of the pandemic receded into a strong freight market, he knew there was a problem: retaining and attracting drivers. So the Minnesota-based company put through an increase in compensation on several different fronts. It wasn’t just […]

A “dance floor” inside the driver’s cabin for easy movement.  Exterior cameras linked to a digital display inside the cabin, giving the driver a 360-degree view outside the vehicle. Those are just two of the features in Amazon’s (NASDAQ: AMZN) highly anticipated new custom electric delivery van designed and built in partnership with electric vehicle […]

Monthly outlook from EIA sees moderate increases in diesel prices through next year

OEMs, regulators put reefers on a path to zero emissions.

Hino and Toyota will test a Class 8 fuel-cell truck in North America in 2021 based on the Hino XL Series truck platform.

For DHL Global Forwarding, the coronavirus pandemic is no excuse for the ocean freight industry to neglect sustainability initiatives in the supply chain.

Digital Wildcatters cofounder Collin McLelland explains why it’s smarter for clean-tech to bring about petrochemical efficiencies instead of focusing on the elimination of fossil fuels altogether.

Marine fuel prices are down 30% year-on-year despite the IMO 2020 regulation.

Also on this week’s podcast: new technologies gunning to displace diesel, but it’s a tough battle

Plan to go to all renewable fuel sources part of a broader commitment to zero out emissions by that year

California Gov. Gavin Newsom signed an executive order Wednesday that aims to end the sale of new gasoline- and diesel-powered passenger cars in the state by 2035. Many heavy-duty trucks on the road would need to be zero-emission by 2045. Newsom said in a statement the ambitious order would reduce greenhouse gas pollution that contributes […]

VCs talk SPACs and clean tech investment in wake of Nikola scandal.

Weekly government numbers misinterpreted by those unaware of the one-week aberration due to two events

Slower-going legacy companies try to figure out what exactly the path to the green transportation future is going to look like.