diesel

Diesel prices have spiked to $5.96 per gallon in premium markets as escalating Middle East tensions collide with America’s crumbling refinery base. The surge comes at a critical inflection point for trucking, with tender rejection rates climbing and capacity tightening after a brutal four-year freight recession, raising questions about whether the industry can capitalize on the recovery when fuel costs threaten to erase margin gains.

Wholesale diesel prices jumped more than 30% last week, while retail diesel prices increased more than 14%. The rapid pace of these changes has potentially negative implications for both shippers and carriers.

America sits on more oil than it can refine. While the Strait of Hormuz burns, the real chokepoint is between the wellhead and the truck stop.

What’s going to happen to the Clean Truck Partnership is a battle that’s spilling out into the open.

Nikola’s bankruptcy is a reality check for the push toward zero-emission freight. Once hailed as the Tesla of trucking, Nikola’s failure highlights the immense challenges of replacing diesel with electric and hydrogen-powered alternatives. While policymakers and environmental advocates push for green energy solutions, the trucking industry remains bound by the need for reliability, infrastructure, and economic viability. With limited charging and hydrogen refueling networks, high costs, and performance struggles, Nikola’s downfall reinforces a hard truth, diesel isn’t going anywhere anytime soon.

Love’s Travel Stops built a new travel center in California even as diesel was targeted for phase-out; now that’s not an issue.

The supply/demand outlook for oil increasingly points to downward pressure on oil prices next year, as does greater use of electric vehicles.

Operating cost inflation is largely hidden, but fuel costs help explain why the domestic truckload market is headed for a turn.

Canadian transport and logistics provider TFI International plans to spin off Daseke as a separate company sometime in 2025.

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U.S. diesel exports to South America’s west coast are heavily exposed to Panama Canal delays. Tanker rates have skyrocketed.

The transportation sector is actively looking for ways to reduce greenhouse gas emissions. This has created increased demand for cleaner, more innovative fuel sources, like renewable diesel.

Weekly NTI Update

Diesel is an essential fuel for the global economy. The world’s second-largest seaborne supplier, Russia, just halted exports.

Weekly NTI Update

Weekly NTI Update

Weekly NTI Update

Weekly NTI Update

Price caps have been breached, discounts on Russian exports are dwindling, and more money is flowing to Russian coffers.

Weekly NTI Update

Weekly NTI Update

To view more FreightWaves infographics, click here

Weekly NTI Update

Weekly NTI Update

Weekly NTI Update

A report from a key oil agency could be read as either bullish or bearish for the market.

Weekly NTI Update

Weekly NTI Update

To view more FreightWaves infographics, click here

Weekly NTI Update

Weekly NTI Update

Weekly NTI Update

Weekly NTI Update

Load board fraud is gaining attention after The Wall Street Journal reported Truckstop, a leading load board provider, found reports of fraud increased 400% from Q4 2021 to Q4 2022, the highest level since 2004, when it began tracking the data. This article prompted Craig Fuller, CEO and founder of FreightWaves, to write an article on Tuesday arguing for massive load board providers to take greater responsibility for instances of fraud that take place on their platforms.

Weekly NTI Update

Weekly NTI Update

Weekly NTI Update

Reward and incentive programs are often thought of as financial expenditures. When executed well, however, these programs can garner serious savings thanks to improved driver behavior, allowing carriers to free up cash without making sacrifices.

Weekly NTI Update

Learn more at SONAR.FreightWaves.com

Weekly NTI Update

Weekly NTI Update

Weekly NTI Update

Weekly NTI Update

EU’s ban on diesel fuel from Russia shifts trade patterns

Weekly NTI Update

Weekly NTI Update

State tax rates for retail gasoline and diesel increased in 13 states in 2023

Weekly NTI Update

FreightWaves’ Scott Berhang chats with fuel buyer Dolores Santos about what makes a good fuel buyer, especially in a tight distillate market.

David Fialkov, a key government affairs representative for two retailer outlets, sees a mixed bag of government regulations and their impact on diesel supply.

Weekly NTI Update

Weekly NTI Update

Weekly NTI Update

Weekly NTI Update

Weekly NTI Update

Weekly NTI Update

Weekly NTI Update

Weekly NTI Update

Weekly NTI Update

Weekly NTI Update

Weekly NTI Update

Strong demand for diesel leads to high prices and tight inventories going into winter

Weekly NTI Update

Weekly NTI Update

Weekly NTI Update

The intersection of natural gas and diesel has likely never been more volatile than it is going into the coming winter.

Weekly NTI Update

Weekly NTI Update

Weekly NTI Update

Weekly NTI Update

Weekly NTI Update

Weekly NTI Update

Weekly NTI Update

Your weekly fuel report has arrived!

If the U.S. curbed gasoline and diesel exports, tankers would sail longer distances to replace lost volumes — a plus for tanker earnings.

Your weekly fuel report has arrived!

Weekly NTI Update

Your weekly fuel report has arrived!

Weekly NTI Update

Your weekly fuel report has arrived!

Weekly NTI Update

Your weekly fuel report has arrived!

Weekly NTI Update

Los entresijos de por qué el combustible es tan caro en 2022

Diesel prices are high because of low supply. Inventories are likely to stay low in the coming months — here’s why.

Your weekly fuel report has arrived!

Weekly NTI Update

Your weekly fuel report has arrived!

Weekly NTI Update

Your weekly fuel report has arrived!

Tankers are very busy loading up with American crude oil and refined products sold to overseas buyers.

Weekly NTI Update

Your weekly fuel report has arrived!

Weekly NTI Update

Your weekly fuel report has arrived!

Your weekly fuel report has arrived!

The Energy Information Administration is still dealing with technical issues and won’t be releasing — but will be gathering — its weekly benchmark diesel price.

The first half has been phenomenal for product tankers. How much of shipping upside is due to the war?

Your weekly fuel report has arrived!