Brent Crude Jumps to $96.95 After 9% Midterm Selloff
Oil recovered 2.5% Thursday as traders unwound the prior day's political reaction. Small fleets still paying 50% more for diesel than before the Iran war.
#Fuel Costs
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Diesel Supply Crunch Tightens as Refineries Run Near Capacity
War-damaged energy infrastructure and maxed-out U.S. refineries leave little room to replace lost diesel supplies, pushing fuel costs higher with no quick fix…
Diesel Futures Swing 25 Cents in Two Days on Iran Rumors
Ultra-low sulfur diesel plunged then rebounded on geopolitical chatter, but backwardation and low inventories signal tight supply ahead of heating season.
BP Profit Hits 18-Year High as Refining Margins Soar
Energy giant posts strongest earnings since 2008 on refinery boom, accelerating debt paydown as diesel prices stay elevated.
Brent Crude Rises 1.8% to $111.33 on Saudi Refinery Attack
Houthi strike on Saudi Arabian refinery pushes oil to highest level since early October. Every dollar adds roughly 3 cents per gallon to diesel.
Georgia Extends Diesel Tax Break Through Nov. 30
The state's 37.3-cent-per-gallon diesel excise tax suspension runs through Thanksgiving, cutting fuel cost for fleets running I-75 and I-85.
Fuel Costs Climb 18% Since August, What Small Fleets Can Do
Diesel at $6.38/gallon and crude above $105/bbl have pushed fuel from 28% to 33% of operating cost for a typical 5-truck fleet. Here's what works to cut the…
Diesel Hits $6.30, Futures Jump 5% as Russian Supply Deal Doubted
Wholesale diesel spiked October 13 as traders bet Russian volumes won't arrive. Tom Kloza says the $6.53 record could fall by midterms.
EPA Proposes 100% Reallocation of Refinery Biofuel Exemptions
The agency wants to shift compliance costs back to refiners that received small-refinery waivers, restoring demand for biodiesel and renewable diesel that hits…
Brent Crude Jumps 5.3% to $105.54 on Saudi Explosions
International oil benchmark spiked early Oct. 8 after blasts in Riyadh. What the move costs small fleets at the pump.
Brent Crude Hits $102.10 as Middle East Attacks Resume
International oil benchmark rose 1.5% Oct. 7, now $55 higher than a year ago. What the climb costs small fleets.
Diesel Drops 15¢ to $6.38, but Brent Crude Above $106 on Iran War
National diesel fell to $6.382/gallon last week, but crude oil volatility tied to Strait of Hormuz negotiations threatens to reverse the decline.