The benchmark diesel price used for most fuel surcharges hit an important milestone this week: it is at its highest level since military action commenced against Iran in early March. The weekly Department of Energy/Energy Information Administration average weekly retail diesel price rose 19.8 cents/gallon to $5.652/g, effective Monday but published Tuesday. The previous high price was $5.643/g set April 6. That price is now up 39.5 cts/g in the last two weeks. window.googletag = window.googletag || {cmd: []}; googletag.cmd.push(function() { googletag.defineSlot('/21776187881/FW-Responsive-Main
#fwtv_q6TlMLWRgaI .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_q6TlMLWRgaI .fwtv-panel p{margin:0 0 12px}#fwtv_q6TlMLWRgaI .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} The trucking industry is losing a critical source of credit insight as BMO sells its transportation finance unit. FreightWaves’ John Kingston, who pioneered tracking BMO’s unique data, reveals how trucking credit quality is finally strengthening just as this transparent data source disappears. He also dives into rising diesel p
#fwtv_tCDcsHYyTCU .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_tCDcsHYyTCU .fwtv-panel p{margin:0 0 12px}#fwtv_tCDcsHYyTCU .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} Diesel prices are soaring, but spot rates continue to fall, creating a significant disconnect in the trucking market. This SONAR Market Update dives deep into the factors driving this divergence, from global conflicts impacting refinery output to shifts in intermodal rail and changing length of haul for truckload freight. Under
If you’re a fleet operator and you’re looking to evaluate fuel options that may help lower lifecycle carbon intensity, you don’t have to commit to a single alternative fuel overnight. The smarter play, according to Dave Slade, principal biofuels scientist at Chevron , is building flexibility into your fuel strategy and leaning on the right resources to guide those decisions. Chevron’s portfolio of conventional and renewable fuel options spans petroleum diesel, biodiesel, renewable diesel, compressed natural gas (CNG), renewable natural gas (RNG), and lubricants. Slade notes that range allows C
Beyond looking out the windshield and seeing retail diesel prices that once again are rising, here are some key comparisons that a consumer dealing with those higher numbers should know. On February 27, the last day before military action began between Iran on one side and the U.S. and Israel on the other, the price of international crude benchmark Brent settled at $72.48/barrel on the CME commodity exchange. On the same day, ultra low sulfur diesel (ULSD) settled at $2.596/gallon. On Wednesday, Brent settled at $91.62/b. ULSD settled at $4.4523/g. window.googletag = window.googletag || {cmd:
