Diesel prices drop for the 4th week in a row
Diesel prices continue to decline for the fourth week in a row, albeit very slowly.
Walmart passes growing fuel costs to suppliers instead of customers
Beginning August 1st, the big box company will launch its “Collect Pickup Program” for its giant retail network of suppliers, aligning with rising fees to keep the costs from being transferred to the customers.
In today’s fuel market, maintaining tire pressure is more important than ever
Fuel prices being at historically high levels have fleets paying attention to all facets of their trucks - including tire inflation.
4th of July gasoline prices fluctuate
The average price per gallon fell to $4.857 on June 29th, falling from the record high above $5 in the weeks previous.
Biden Says that Americans will need to deal with high gas prices until Russia removes itself from Ukraine
“As long as it takes,” was President Joe Biden’s answer to reporters in Madrid on June 30 regarding how much longer the gas prices will rise in the West.
Gas prices are the key player on the political playing field; so what’s the truth?
Gas prices keep rising, and the options aren’t great.
U.S. East Coast pushing for waiver to obtain gasoline shipments
The commodities trading house Gunvor SA wants 13 million gallons of gasoline delivered to the U.S. East Coast, but they need to waive the Jones Act to do so.
90-day federal tax holiday proposal isn’t popular in the trucking industry
Some economists aren’t celebrating Biden’s proposal to halt federal gas taxes for three months.
A federal “gas tax holiday” may be around the corner for Americans - but how much will it help?
Sparing the public from the continuous rise in gas prices may be on the Administration’s mind, but how much will this really help? And what are the consequences of this type of action?
U.S. fuel stockpile growth slows as Gulf Coast exports surge
US Gulf Coast fuel exports are in high demand this summer due to Latin America, slowing efforts to bring domestic fuel stateside.
Oil refineries profit big regardless of refineries shutting down
The largest oil refineries are facing backlash from the Biden Administration as they report a combined $10 billion in profits this quarter, regardless of refineries being shut down.
May’s Consumer Price Index has highest peak since 1981
With rising inflation, real wages declined 0.6% despite many wage increases given to employees.
Rising costs cause transportation logistics companies to sweat
A recent Logistics UK survey dubbed, “the May 2022 Performance Tracker,” concluded that 75% of logistics companies are dealing with rising costs.
Diesel prices are trending down, but capacity is dropping too
Diesel prices are still seemingly through the roof, but believe it or not… its trajectory is aiming down.
Sanctioned Russian oil is being transported to China via small ships
Oil tanker availability has plummeted because of the sanctions against Russian oil.
Santa Barbara County vs. Exxon: oil trucking permit denial ignites federal lawsuit
Exxon Mobil Corporation is going toe-to-toe with the Santa Barbara County Board of Supervisors over its 3-2 vote against the oil company’s plan to allow the shipment of crude oil from coastal facilities to its inland refineries.
Businesses and consumers stressing over rising fuel costs
Energy costs are one of the largest factors of the wild inflation wreaking havoc across the nation.
$6/gallon is average price of gas in California
California’s average gas price per gallon has topped $6.
Alaskan & Gulf Coast offshore oil lease sales canceled by Biden Administration
Despite fuel prices reaching all-time highs, the Biden Administration has canceled three previously scheduled sales on the Gulf Coast and in Alaska.
West Africa struggles to keep Europe fueled
The European Union sanctioning Russian oil opens the door to West Africa.