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.
#Diesel Prices
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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.
Hormuz Shut Since May 5, No Tankers Through, Diesel Still Climbing
Iran halted all transits through the Strait of Hormuz three days ago and imposed new shipowner reporting rules. Crude and diesel prices remain elevated despite…
Diesel Hit Record Seasonal Levels Mid-April as War Costs Squeeze Margins
Box manufacturers struggle to pass transportation cost spikes downstream, a signal that freight buyers are pushing back on fuel surcharges even as diesel…
Job Market Holds Steady Despite Oil Supply Shock, No Fleet Hiring Freeze Yet
Employers added 115,000 jobs in April as Iran conflict disrupts global oil but leaves US labor demand intact. What that means for driver availability and shop…
Brent Crude Back Over $100 as Hormuz Closure Drags Into Second Week
Brent rose 1.8% to $101.80/bbl May 8 after a volatile morning: diesel costs remain elevated as the strait stays shut.
Brent Crude Falls 3.8% to $97.38 on Iran-US Peace Talks
International oil benchmark drops nearly four percent as diplomatic signals ease war premium: diesel and gasoline prices expected to follow within days.
Contract Rates Up 8% Since Fall as Capacity Stays Tight Through Mid-Year
Long-term contract rates climbed roughly 8% from last fall, with spot and contract pricing both rising as tender rejection rates stay elevated and shippers…
Brent Crude Falls 5.7% as Hormuz Deal Hopes Pull Diesel Off Peak
International oil benchmark drops to $103.61 per barrel, down from $115 earlier this week, on diplomatic progress in the Strait of Hormuz.
California Subpoenas Gas Stations Over Anomalous Diesel Pricing
State fuel watchdog targets stations charging outlier prices as diesel volatility squeezes small fleets.
Diesel Surges Past $4.48, Strait of Hormuz Closure Hits Fuel Costs
National diesel average climbs $1.32 year-over-year as crude tops $100/barrel and Middle East shipping lane remains shut.
Upgrading from 2022 to 2028 Trucks Saves $12,845 First Year on Fuel
Fleet Advantage data shows newer Class 8 models cut operating costs by nearly $13,000 per truck annually as diesel climbs past $5 per gallon: fuel efficiency…