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.
#Diesel Prices
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Brent Crude Holds Above $111 as Iran War Keeps Oil Markets Tight
International benchmark fell 0.7% to $111.39/barrel May 19: still 11% above pre-war levels and keeping diesel elevated for small fleets.
Federal Gas Tax Suspension Floated as Diesel Hits $4.50, 24¢ Cut Eyed
White House and bipartisan lawmakers discuss suspending the 24.4¢/gal federal diesel tax through October as fuel prices sit $1.37 above year-ago levels.
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.
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.
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.