The energy sector and transportation industry are closely linked. The U.S. Energy Information Administration reports that about 28% of total U.S. energy consumption in 2021 was for the transportation of people and goods. Major energy sources used for transportation include petroleum products (such as gasoline, diesel fuel, jet fuel and propane), biofuels (ethanol and biomass-based distillates), natural gas and electricity. In 2021, petroleum products accounted for about 90% of U.S. transportation sector energy use, followed by biofuels (about 6%) and natural gas (about 4%). Electricity made up less than 1% of the total transportation sector energy use.
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Consumers of diesel saw their prices rise by about 17% in 2021.
The Cascade Locks and Canal improved shipping along the Columbia River. Read this FreightWaves Classics profile of the project and its impact.
Renewable natural gas (RNG) has emerged as the leading pathway for low-carbon, clean air trucking.
The Port of South Louisiana is one of the major ports in the U.S. FreightWaves Classics profiles the port and its contributions to the U.S. economy.
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.
High demand for jet fuel out West from firefighting crews and airlines is affecting commercial flights and cargo (forecast video included).
Twelve consecutive weeks of increases in the basis for fuel surcharge is countered by a big decline in commodity markets.
Grants and incentives will be needed to offset high front-end costs, Ryder EV executive says.
Commodity oil markets swung wildly last week but ultimately trended down overall.
The key benchmark price for trucking companies tracked the higher numbers in the wholesale market.
