
Brent Crude Drops 1.4% as Hormuz Reopening Signals Emerge
Oil fell to $98.83 per barrel Sept. 25 as investors bet on the strait reopening. What the decline means for diesel and small-fleet fuel bills.
Diesel and fuel prices, crude oil markets, fuel surcharges, alternative fuels (RNG, renewable diesel, CNG), refining capacity, energy policy.

Oil fell to $98.83 per barrel Sept. 25 as investors bet on the strait reopening. What the decline means for diesel and small-fleet fuel bills.

White House studying full or partial embargo under emergency law. Refiners warn the move could cut runs and tighten supply later.

Energy experts say a short-term export curb could cut diesel prices initially, but the discount would vanish quickly.

Oil prices rose Sept. 24, pushing regular gasoline to $4.48/gallon nationwide. The move reverses three days of declines.

Oil reversed a seven-day drop, rising 1.3% Wednesday. The bounce follows a near-$110 peak last week.

Crude down nearly $10 from last week's peak. Diesel still elevated, but the pace of fuel cost increases may slow.

EIA expects distillate inventories below 100 million barrels through most of 2027. The last major U.S. refinery opened in 1977.

Retail diesel up 31% since July, wholesale up twice that pace. J.B. Hunt warns of 5-10% Q3 earnings hit. Small fleets face margin squeeze with no guarantee of…

Bloomberg estimates show the Iran conflict has removed more diesel from global markets than the Russia-Ukraine war, driving pump prices to record highs.

Brent dropped 2.3% to $103.38/barrel Sept. 17, but Saudi pipeline shutdown keeps diesel on track to stay above $6/gallon.

Saudi pipeline shutdown and refinery losses push diesel to new high. Tom Kloza says next 100 days could be rougher still for fleets and owner-operators.

Energy Vision report says RNG trucks now pencil faster for fleets replacing pre-2013 diesels, but fueling infrastructure remains the gate.