Brent Crude Drops 3.3% to $91 After Iran War Spike
Oil fell back to $91.14 a barrel June 9 after briefly topping $98 the day before. Strait of Hormuz deal hopes ease fuel costs for fleets.
#Fuel Costs
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OPEC+ Quota Hike Means Nothing While Hormuz Stays Shut
Cartel agrees to symbolic production increase for July, but Iran war keeps Middle East barrels landlocked and diesel climbing.
Diesel Prices May Stay High for Months as Hormuz Disruption Drags
If the Strait of Hormuz stays closed, elevated fuel costs could persist for months or years, not weeks.
Brent Crude Down to $94.23, Still 35% Above Pre-War Level
International oil benchmark slipped 0.8% Friday but remains $24 per barrel higher than late February, keeping diesel and fuel surcharges elevated for small…
Brent Crude Falls $2.42 to $95.39 as Iran War Developments Ease
Oil prices dropped June 4 on Iran war developments. U.S. crude fell $2.30 to $93.72. Diesel relief could follow in 10 to 14 days.
Refiners Shift to Diesel, Jet Fuel, Gasoline Supply May Tighten
Oil trader Vitol warns gasoline output is falling as refiners prioritize diesel and jet fuel. What a supply crunch means for fuel costs.
Brent Crude Jumps $2.22 to $98.22, Up 10% This Week
Oil prices climbed 10% this week after a two-week retreat as U.S. and Iran trade attacks. Brent hit $98.22 per barrel June 3.
Diesel Drops 17 Cents to $5.35/Gal, Lowest Since March
Benchmark fuel price falls to pre-surge level as Hormuz reopening talk pushes futures down 67 cents in two weeks.
Diesel Prices Drop After Memorial Day, Gas Hits $4.56 National Average
National diesel and gasoline prices declined following Memorial Day weekend, though fuel costs remain $1.40 per gallon higher than May 2025 as Strait of Hormuz…
Biodiesel Production Rebounds After RFS Volume Rule Finalized
Trucking firms can cut fuel costs with biodiesel as production picks back up following federal renewable fuel mandate clarity.
Brent Crude Slips to $93.49 but Still $23 Above Pre-War Level
International oil benchmark dropped $1.49 on June 2 but remains 33% higher than the $70 baseline before the Strait of Hormuz closure.
Brent Crude Jumps 3.3% to $94.16 on U.S.-Iran Tensions
International oil benchmark climbs early June 1 as Middle East conflict escalates, adding pressure to diesel and fuel costs.