Brent Crude Jumps 3.8% to $99.80 After U.S. Strikes Iran
International oil benchmark rebounds nearly $4 a barrel in one session following military action. Diesel and fuel surcharges likely to follow.
#Diesel Prices
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Oil Swings as Iran Deal Reports Surface, Fuel Pressure Mounts
Crude prices gave back gains May 28 after reports of a potential Iran agreement. Economic data shows the war's toll on freight costs continues.
Brent Crude Falls 4.1% to $95.48, First Big Drop Since April
International oil benchmark shed $4.08 per barrel May 27 as financial markets rallied. Diesel and fuel surcharge relief may follow if the slide holds.
Russia Eyes Diesel Export Limits as Refinery Runs Hit Multi-Year Low
Ukraine attacks on refineries push Russian run rates down, prompting export restriction talks that could tighten global diesel supply.
Brent Crude Jumps 3.4% to $108.54 on Iran War Uncertainty
Oil hit $108.54 per barrel May 21 as Iran conflict drags on: diesel costs stay elevated for small fleets.
Oil Down 2.4%, Gasoline Up to $4.56, Diesel Likely Next
Brent crude fell overnight, but pump prices climbed again. The lag between crude drops and retail relief can run two weeks.
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.
Diesel Falls 4.3¢ to $5.596, Second Straight Week Down
DOE benchmark drops to $5.596/gal after five weeks of 20-cent swings. Futures tick up as Iran-war volatility eases.
Trump Team Eyes Gradual Gas Tax Return After Holiday Ends
Officials weigh phased restoration of federal fuel taxes over more than a year to avoid supply disruptions: diesel tax could stay suspended longer.
Brent Crude Hits $103.60, Hormuz Disruptions Push Oil Higher
International benchmark rose 1% Friday as Strait of Hormuz disruptions tighten supply. U.S. crude up 0.4% to $96.68.
Russian Oil Waiver Expires, Diesel Supply Tightens Further
U.S. ends temporary sanctions relief on Russian crude as diesel inventories sit 8% below five-year average and pump prices climb.
Brent Crude Jumps to $111, Diesel Costs Climb Again
International oil benchmark rose 1.7% Monday, pushing fuel costs higher for fleets already paying 50% more than pre-war levels.