Diesel Could Hit $7 to $9 a Gallon by November, Strategist Warns
Jeff Currie sees 'extremely high' risk of $5 retail gas and diesel as high as $9/gallon if crude keeps climbing.
#Crude Oil
16 posts tagged with this topic.
Brent Crude Hits $97 as Iran Fighting Intensifies
Benchmark U.S. crude climbs to $92.92 per barrel, pushing diesel costs higher for small fleets already squeezed by elevated fuel surcharges.
Trump Venezuela Oil Deal Leaves Diesel Price Question Open
White House says the deal will lower pump prices and refill reserves, but neither outcome is guaranteed for fleets watching fuel costs.
U.S. refineries hit highest run rate since 2019 as Iran war drives output
Crude throughput reached 17.4 million barrels per day last week, the fastest pace in nearly seven years.
Diesel Hits Multi-Year High as Hormuz Tensions Choke Supply
Strait of Hormuz disruptions are driving diesel prices to levels not seen in years. What the spike costs small fleets and why driver pay surged 70% since 2020.
Cushing Oil Tanks Drain Near Empty as Diesel Feedstock Tightens
Storage tanks in Oklahoma are being drawn down so fast that producers can't refill them, signaling tight crude supply that could push diesel prices higher.
Oil Falls Back to $80: Brent Down 3.2%, U.S. Crude at $78.72
Brent crude dropped 3.2% to $80.50 per barrel June 16, while U.S. benchmark crude fell $2.03 to $78.72. The slide continues a two-week retreat from the $98…
Brent Crude Climbs to $92.43 as Hormuz Doubts Keep Pressure On
International benchmark gains 1.1% on June 10. U.S. crude inches up 0.1% to $88.31. Strait reopening timeline still unclear.
Truck Tire Prices Set to Jump as Rubber, Oil, Energy Costs Spike
Natural rubber nearing a 10-year high, crude oil doubled since December, and LNG export capacity down 17% in Qatar. Fleets face a three-front pricing squeeze.
OPEC+ Quota Hike Means Nothing While Hormuz Stays Shut
Cartel agrees to symbolic production increase for July, but Iran war keeps Middle East barrels landlocked and diesel climbing.
U.S. Exports Jump 4% in April, Shrinking Trade Deficit to $82.4B
Record crude and fuel shipments drove the export surge. Imports rose modestly as firms stockpile inventory against tariff and geopolitical risk.
U.S. Crude Inventories Drop 17.8 Million Barrels, Diesel Next
Largest single-week crude draw on record tightens supply ahead of summer freight season, with diesel and fuel costs likely to follow.