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 Surcharge
48 posts tagged with this topic.
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…
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.
LTL Rates Hit $46 Per Hundredweight, But Diesel, Not Demand, Drove It
All-in LTL revenue per hundredweight reached a five-year high in May 2026, but strip out the fuel surcharge and base rates are flat to negative. The truckload…
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.
Diesel Drops 14¢ to $5.21, Third Straight Week Down
National diesel fell to $5.21/gal June 8, down 14 cents. Still $2/gal higher than last year, but the first sustained retreat since the Iran war spiked fuel in…
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.
ArcBest Raises Q2 LTL Margin Forecast 200 Basis Points on Fuel, Rates
ABF Freight parent now expects 90.8% adjusted operating ratio in Q2, 200 bps better y/y, as diesel prices lift fuel surcharges and truckload shipments push…
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.