Fuel prices and developments affect the entire supply chain, and can place a lot of pressure on carriers. Check back here for news and information related to fuel prices and the gas sector, plus insights and analysis on trends and issues impacting the industry.
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The benchmark diesel price used for most fuel surcharges declined in the middle of a wild swing in futures markets.
The benchmark diesel price used for most fuel surcharges rose though the broader futures market fell.
The benchmark diesel price used for most fuel surcharges declined Monday after four weeks of rising prices.
The benchmark diesel price used for most fuel surcharges rose for a fourth straight week, but futures prices plunged.
The benchmark diesel price used for most fuel surcharges rose for the third consecutive week.
The benchmark diesel price used for most fuel surcharges rose 0.5 cents per gallon this week.
The benchmark diesel price used for most fuel surcharges rose for the first time Monday after 10 weeks of declines.
The retail diesel price used as the basis for most fuel surcharges has fallen for a 10th straight week.
The monthly report on oil demand from the International Energy Agency should be good news for transportation companies.
In the middle of an overarching downward trend in the price of oil, the benchmark diesel price fell for the ninth straight week.
The drop in the benchmark retail diesel price is a lot smaller than what is going on in futures markets.
The benchmark diesel price used for most fuel surcharges fell for the seventh straight week.
The price used for most diesel surcharges dropped for the sixth consecutive week.
The benchmark price of diesel used for most fuel surcharges fell for the fifth straight week.
Fleet fuel card provider Corpay said its North American fleet business “presented a drag on growth” during the second quarter.
The benchmark diesel price used for most fuel surcharges declined for a fifth straight week.
A key port in New Jersey is adopting propane as a preferred fuel for the vehicles that move around its property.
The benchmark diesel price used for most fuel surcharges declined for a third straight week.
The benchmark diesel price used for most fuel surcharges is down for the second week in a row.
The benchmark diesel price used for most fuel surcharges was down this week after several weeks of increases.
Cummins Inc. an engine-maker and power distribution company will invest $150 million to convert about half of its manufacturing space in Columbus, Indiana. The announcement comes after the company was fined $1.675 billion for emissions violations.
The price used as the basis for most fuel surcharges has now risen four consecutive weeks.
The benchmark diesel price used for most fuel surcharges rose for the third straight week.
The benchmark price used for most fuel surcharges rose for the second consecutive week.
The benchmark diesel price used for most fuel surcharges increased for the first time in 10 weeks.
The benchmark diesel price used for most fuel surcharges dropped again, but diesel may be starting to turn around.
The DOE/EIA benchmark price used for most fuel surcharges declined again.
The benchmark price used for most diesel fuel surcharges declined for the seventh straight week.
The diesel price used as the basis for most fuel surcharges is down to levels not seen since July 2023.
The benchmark diesel price used for most fuel surcharges fell for the fifth straight week.
The benchmark diesel price used for most fuel surcharges was down Monday for the fourth week in a row.
The benchmark diesel price used as the basis for most fuel surcharges declined for the third week in a row.
The benchmark diesel price used for most fuel surcharges is below $4 a gallon once again.
“This is the first locomotive that’s actually 100% remanufactured for hydrogen,” said Dragan Jankovic, CSX director of locomotive engineering.
The oil market is up overall, but diesel hasn’t soared despite Ukraine’s attacks on Russian refineries, key producers of the fuel.
The weekly DOE/EIA retail diesel price moved up Monday as pump prices are reacting to an overall strong oil market.
The benchmark price used for most fuel surcharges is below $4 a gallon for the first time since early February.
Natural gas may be having a moment as an alternative fuel for trucking, but there are a few nagging questions.
The benchmark diesel price used for most fuel surcharges rose by the smallest amount in months.
The energy sources that will power trucks that carry freight in the future was the focus of a discussion at CERAWeek. (Photo: Jim Allen/FreightWaves).
Oil analysts at CERAWeek see a market that isn’t what they predicted a year ago but is relatively stable, all things considered.
The benchmark diesel price used for most fuel surcharges rose 2.4 cents, though diesel futures are climbing rapidly.
Venture Global LNG is building a large fleet of liquefied natural gas-powered vessels, amid numerous legal fights.
The closely watched International Energy Agency analysis of oil supply and demand is seeing consumption growing in part because of shipping diversions.
The benchmark diesel price used for most fuel surcharges fell slightly for the third straight week.
Cummins Inc.’s environmental citizenship record didn’t shield it from the U.S. attorney general’s criticism when it agreed to pay a record fine.
The benchmark price used for most diesel fuel surcharges was down for a second consecutive week.
Natural gas, battery and fuel cell electric vehicles all vie to displace diesel. Which will win? Maybe all of them.
The weekly diesel price that serves as the basis for most fuel surcharges fell in its latest posting.
The benchmark price used for most diesel surcharges was unchanged.
The DOE/EIA benchmark price used for most fuel surcharges is above $4 for the first time since December.
The benchmark price used for most fuel surcharges has risen two straight weeks for the first time since September.
The benchmark price used for most diesel fuel surcharges rose for the third time in six weeks.
The benchmark price of diesel used for most fuel surcharges was down again, its 14th drop in 18 weeks.
The benchmark diesel price used for most fuel surcharges rose for only the fourth time in the past 17 weeks.
The benchmark used for most diesel surcharges was down for the 13th time in 16 weeks.
Cummins Inc. will spend $580 million to upgrade a North Carolina plant to make fuel-agnostic small engines.
After a year in which crude and diesel prices fell, new refineries and the supply and demand balance appear to be bearish in ’24.
After an increase last week, the benchmark diesel price used for most fuel surcharges declined in its first posting of 2024.
The benchmark diesel price used for most fuel surcharges rose Tuesday, the first increase since the end of October.
In the closing edition of Drilling Deep for 2023, P. Sean Garney of Scopelitis looks at the regulatory landscape for the new year.
The benchmark diesel price used for most fuel surcharges was down Monday, but its long decline is threatened by Red Sea strife.
On this week’s Drilling Deep, we talk truck parking and weakening oil demand. (Photo: Jim Allen/FreightWaves)
UPS’ ground delivery surcharge increase comes amid a continued decline in diesel pump prices.
Cummins’ aggressive scaling of electrolyzers will need other players to meet expected midcentury hydrogen demand.
The basis for most fuel surcharges declined for the eighth time in 10 weeks.
UPS’ levies drop to 15% from 15.25%.
The benchmark price used for most fuel surcharges dropped for the ninth time in 11 weeks.
Effective Monday, UPS’ surcharge levels for domestic ground parcel and SurePost services will rise by 50 basis points.
The DOE/EIA diesel price declined for the eighth time in the past 10 weeks.
The price used for most fuel surcharges dropped again, with prices now down more than $1 compared to last Thanksgiving.
The benchmark diesel price for most fuel surcharges was down, though other numbers are suddenly pointing higher.
In a keynote address to the F3 conference, Alex Epstein laid out the case for continued fossil fuel use.
The state of Georgia has suspended diesel and gasoline taxes for the third time since early summer.
The benchmark diesel price used for most fuel surcharges has declined for the fourth time in five weeks.
Oil prices, including the benchmark used for most fuel surcharges, are below or close to Oct. 7 levels.
Natural gas has long been a bit player in a diesel-driven engine world. That may change with Cummins’ beefier 15-liter offering.
Decline in this week’s benchmark is catching up from an earlier slide at CME.The retail diesel benchmark used for most fuel surcharges fell although futures and wholesale prices continue to trend higher.
As the diesel futures price starts to rise due to the Israeli conflict, the benchmark for most fuel surcharges has moved down.
Truckers save 35 cents a gallon on fill-ups with Georgia’s fuel tax suspension.
The benchmark price for most fuel surcharges moved by only a small amount, but futures markets are going through some big swings.
The benchmark diesel price used for most fuel surcharges declined for the first time since early summer.
The key diesel benchmark retail price rose for the week, but diesel futures prices have suddenly posted a big two-day reversal.
Truckers in Georgia will save 35 cents a gallon on fill-ups at least through Oct. 12.
The International Energy Agency’s closely watched monthly report didn’t have much good news in it for oil consumers.
The national average retail price used for most fuel surcharges climbed 4.8 cents a gallon this week, but it’s moving a lot higher on the West Coast.
Fuel costs were overshadowed by skyrocketing freight rates amid the supply chain crisis. Now, fuel costs are much more important.
A run of news developments in the diesel world can’t be seen as anything but discouraging for diesel consumers.
The DOE/EIA benchmark price used for most diesel fuel surcharges tacked on another 8.6 cents a gallon this week.
The benchmark price used for most fuel surcharges recorded only a small move after four big ones.
The benchmark diesel price that is the basis for most fuel surcharges is up more than 36 cents a gallon in six weeks.
The monthly International Energy Agency forecast clearly laid out the supply and demand issues that are driving oil prices higher.
The benchmark diesel price used for most fuel surcharges is up more than 11 cents a gallon this week.
The one-week increase in the benchmark diesel price used for most fuel surcharges is one of the biggest ever.
The benchmark price of diesel used for most fuel surcharges went sharply higher this week, and it could signal the start of a broad increase.
Spreads between high- and low-sulfur fuels are down to pandemic levels and LNG has become much more economical.
The retail diesel price that serves as the basis for most fuel surcharges had no change from the prior week for the first time since April 2021.
A report from a key oil agency could be read as either bullish or bearish for the market.
The benchmark diesel price used for most fuel surcharges rose for just the third time in 23 weeks.
The benchmark diesel price used for most fuel surcharges declined Monday for the 20th time in 22 weeks.
