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.
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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.
Brent Crude Falls 2.1% on Ceasefire Talk, Diesel Relief Weeks Out
International oil benchmark dropped to $90.78/barrel May 29 as Iran war de-escalation hopes build, but pump prices lag crude moves by 10 to 14 days.
Brent Crude Jumps 3.8% to $99.80 After U.S. Strikes Iran
International oil benchmark rebounds nearly $4 a barrel in one session following military action. Diesel and fuel surcharges likely to follow.
Brent Crude Falls 4.1% to $95.48, First Big Drop Since April
International oil benchmark shed $4.08 per barrel May 27 as financial markets rallied. Diesel and fuel surcharge relief may follow if the slide holds.
Oil Down 2.4%, Gasoline Up to $4.56, Diesel Likely Next
Brent crude fell overnight, but pump prices climbed again. The lag between crude drops and retail relief can run two weeks.
U.S. Crude Inventories Drop 17.8 Million Barrels, Diesel Next
Largest single-week crude draw on record tightens supply ahead of summer freight season, with diesel and fuel costs likely to follow.
Diesel Falls 4.3¢ to $5.596, Second Straight Week Down
DOE benchmark drops to $5.596/gal after five weeks of 20-cent swings. Futures tick up as Iran-war volatility eases.
Brent Crude Jumps to $111, Diesel Costs Climb Again
International oil benchmark rose 1.7% Monday, pushing fuel costs higher for fleets already paying 50% more than pre-war levels.
Federal Gas Tax Suspension Floated as Diesel Hits $4.50, 24¢ Cut Eyed
White House and bipartisan lawmakers discuss suspending the 24.4¢/gal federal diesel tax through October as fuel prices sit $1.37 above year-ago levels.
Hormuz Oil Flows Down 6 Million Barrels a Day, Diesel Watch Begins
Strait of Hormuz crude and fuel flows fell nearly 30% in Q1, the Energy Information Administration reports. Small fleets face diesel price exposure if the drop…
Diesel Benchmark Drops 0.1¢, Futures Signal Tightening Ahead
DOE retail diesel fell the smallest possible increment this week to $5.639/gal, while futures markets show signs the recent slide may be reversing.