Iran War Cuts More Diesel Supply Than Russia Conflict Did
Bloomberg estimates show the Iran conflict has removed more diesel from global markets than the Russia-Ukraine war, driving pump prices to record highs.
#Fuel Costs
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Brent Crude Falls to $103.38 as Hormuz Flows Stay Limited
Brent dropped 2.3% to $103.38/barrel Sept. 17, but Saudi pipeline shutdown keeps diesel on track to stay above $6/gallon.
Diesel Hits $6.33/Gallon, 50 Cents Above Prior Record
Saudi pipeline shutdown and refinery losses push diesel to new high. Tom Kloza says next 100 days could be rougher still for fleets and owner-operators.
Diesel Could Hit $7 to $9 a Gallon by November, Strategist Warns
Jeff Currie sees 'extremely high' risk of $5 retail gas and diesel as high as $9/gallon if crude keeps climbing.
Spot Rates Rise Across All Three Equipment Types for First Time Since May
Dry van spot jumped 9 cents, reefer 13 cents, flatbed 3 cents in the week ending September 11. Year-over-year gains top 39% across the board.
Brent Crude Hits $105.26 After Two-Day 8.5% Rally
International oil benchmark jumped 4% Sept. 10 after a 4.3% gain the day before. Every dollar above $100 adds roughly 3 cents to diesel retail.
Oil Tops $100 for First Time Since July on Middle East Attacks
Brent crude jumped 2.8% to $100.62/barrel Sept. 9, the first triple-digit close in two months. Every dollar adds roughly 3 cents to diesel.
Brent crude hits $97.85 as Iran war enters sixth month
Oil rose 0.9% to a six-week high Sept. 8. Every dollar adds roughly 2.4 cents to diesel retail.
Brent Crude Hits $97 as Iran Fighting Intensifies
Benchmark U.S. crude climbs to $92.92 per barrel, pushing diesel costs higher for small fleets already squeezed by elevated fuel surcharges.
Diesel Futures Hit $4.68/Gallon, New Post-War High
CME diesel settled at $4.6773/gallon Tuesday, up 18.36 cents in one day. Retail prices lag behind, but the surge will hit fuel surcharges within days.
Trump Venezuela Oil Deal Leaves Diesel Price Question Open
White House says the deal will lower pump prices and refill reserves, but neither outcome is guaranteed for fleets watching fuel costs.
Brent crude hits $87.32 as Iran-Oman talks ease Hormuz tensions
Oil up 0.4% on August 27 after diplomatic progress and softer U.S. sanctions calm tanker-exit fears in the Persian Gulf.