Brent Crude Drops 1.4% as Hormuz Reopening Signals Emerge
Oil fell to $98.83 per barrel Sept. 25 as investors bet on the strait reopening. What the decline means for diesel and small-fleet fuel bills.
#Fuel Costs
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Trump Advisers Weigh Diesel Export Ban, Price Drop Would Fade Fast
Energy experts say a short-term export curb could cut diesel prices initially, but the discount would vanish quickly.
Brent Crude Jumps 2.2% to $100.29, Gas Hits $4.48 Per Gallon
Oil prices rose Sept. 24, pushing regular gasoline to $4.48/gallon nationwide. The move reverses three days of declines.
Brent Crude Climbs to $100.55 After Weeklong Slide
Oil reversed a seven-day drop, rising 1.3% Wednesday. The bounce follows a near-$110 peak last week.
Brent Crude Falls to $100.23 as Oil Rally Cools
Crude down nearly $10 from last week's peak. Diesel still elevated, but the pace of fuel cost increases may slow.
Why U.S. Diesel Supply Will Stay Tight Through 2027
EIA expects distillate inventories below 100 million barrels through most of 2027. The last major U.S. refinery opened in 1977.
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.
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.