U.S. Exported Half of Strategic Reserve Oil, Diesel Still Tight
Nearly half the crude released from the SPR left the country, a sign global supply tightness is keeping diesel and fuel prices elevated for fleets.
Fuel & Energy
Diesel and fuel prices, crude oil markets, fuel surcharges, alternative fuels (RNG, renewable diesel, CNG), refining capacity, energy policy.
Diesel Hits $5.66, Brent Crude Jumps to $108 on Iran Supply Shock
Strait of Hormuz closure drives Brent crude to $107.97, up from $70 pre-war. Diesel near record high as bond yields climb and Fed rate-cut bets evaporate.
Brent Crude Dips to $105.44 as Iran War Drags On With No End in Sight
Oil fell 19 cents May 14 after a week of whipsaw moves: diesel still sits near $4.48, and small fleets are watching every penny.
Iran War Drives Base Oil Shortage, Oil Changes About to Cost More
Industrial lubricants used to make motor oil are in short supply with no relief in sight, pushing maintenance costs higher for fleets already squeezed by tight…
Hormuz Oil Flows Down 6 Million Barrels a Day, Diesel Watch Begins
Strait of Hormuz crude and fuel flows fell nearly 30% in Q1, the Energy Information Administration reports. Small fleets face diesel price exposure if the drop…
Diesel Benchmark Drops 0.1¢, Futures Signal Tightening Ahead
DOE retail diesel fell the smallest possible increment this week to $5.639/gal, while futures markets show signs the recent slide may be reversing.
House Speaker Calls Federal Gas Tax Suspension 'Intriguing'
Mike Johnson stopped short of a timeline, but the idea is on the table as diesel holds at $4.48 and crude climbs past $104.
Diesel Jumps 12.6% in One Month, April Fuel Spike Hits Settlements
Wholesale diesel climbed 12.6% from March to April and 22.7% year-over-year as energy prices surged 7.8% in a single month.
Brent Crude Hits $107.72: Up 3.4% on Iran War Stall
International oil benchmark climbs as market prices in longer conflict: diesel and fuel surcharges track crude moves within days.
Gas Tax Suspension Floated as Pump Price Hits $4.52
Trump administration considers temporary federal gas tax waiver after Iran conflict pushes diesel and gasoline to multi-year highs.
Hormuz Closure Drains 100M Barrels a Week, Stockpiles Running Low
Saudi Aramco CEO warns storage is being drawn down to cover the shortfall as the strait stays shut.
Brent Crude Jumps 3.5% to $104.88 as Iran Talks Collapse
Oil climbs on diplomatic breakdown, diesel costs stay elevated as Hormuz remains shut and crude tops $100 for the eighth straight session.