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.
#Fuel Costs
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Diesel Up 40% in Two Months, What Small Fleets Are Doing to Survive
National diesel averages hit $3.78 to $3.81 by spring 2026, with California fleets paying over $4.50. Fuel surcharges lag weeks behind, leaving small carriers…
Freight Rates Hit Record High in May Despite Soft Demand
FTR's Trucking Conditions Index surged to an all-time high in May, driven by tight capacity and fuel cost recovery, not volume growth.
Brent Crude Down 2.8% to $78.34 as Iran Talks Continue
Oil fell Monday on diplomatic progress, but Brent still trades $8 above pre-war levels. What the retreat means for diesel and settlement statements.
Iran Reopens Hormuz, Oil Flows Again Under U.S. Deal
Agreement lets Iran sell crude freely, reversing sanctions that spiked diesel 50% since war started. What the fuel-price drop means for small fleets.
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.
Brent Crude Falls to $78.36: Down $1.19 as Iran War Premium Fades
Oil dropped another $1.19 per barrel June 18, now just $8 above pre-war levels. Diesel relief continues for fleets that saw fuel spike $2/gallon in March.
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…
Oil Falls $4.37 on Iran Deal, Diesel Relief Coming for Fleets
Brent crude dropped to $82.96 per barrel June 15 as a tentative deal to end the Iran war took shape. What the pullback means for fuel costs.
Oil Falls 3% on Iran Talk Progress, Still $17 Above Pre-War Level
Brent crude dropped to $87.58/barrel June 12 after Trump claimed breakthrough in Iran negotiations. Diesel and fuel surcharges remain elevated for fleets.
Brent Crude Hits $93, Up 33% Since War Started in February
Oil climbed to $93.15 a barrel June 11 after Trump threatened to seize Iran's oil. Brent was at $70 before the war.
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.