Oil prices are plummeting this morning, with diesel leading the way. Diesel plummeted into the $2.60s earlier this morning, one of the few times the product has seen that level since Russia invaded Ukraine. Heading into the long trading holiday weekend, markets are concerned about rising interest rates, since economic indicators continue to show a […]
With the expiration of monthly fuel contracts this week, the market has turned from February futures contracts to March. The transition brought a cooler market, with crude oil dipping down to $76 this week while diesel is trading below $3/gal for the first time since early January. But that slowdown doesn’t give the full picture […]
It’s been a relatively calm week for oil markets, with some turbulence in pockets of the market, such as diesel prices. Overall, crude oil traded sideways for much of the week, though today’s trading is bringing a sharp dip lower. Most of the news this week has been bullish for oil, with labor strikes in […]
FUELSNews will not be published on Monday, Jan 16 in observance of Martin Luther King, Jr Day. Publications will resume on Tuesday, Jan 17. With Europe’s embargo on Russian fuel quickly approaching, markets are scrambling to take stock of different factors to see what the impact will be. On one hand, a warm winter has […]
It’s been a tumultuous opening of the new year for oil markets. Crude oil fell nearly 10% in the first two trading sessions of 2023, marking one of the worst new year trades in a generation. Diesel prices also saw a 10% selloff early in the week, while gasoline only saw an 8% dip. The […]
Throughout the Northern California area, you can expect logistical challenges due to strong storms dropping heavy rainfall. Due to flooded lanes, certain terminals in the Sacramento and Stockton areas have shut down. There is potential for another significant storm in the area today, so the challenges will likely persist for the rest of this week. […]
Natural Gas News – December 22, 2022 UPDATE 1-U.S. natgas holds near 8-week low U.S. natural gas futures held near a eight-week low on Wednesday as the market balanced extreme cold in the short term that has already cut output by freezing oil and gas wells and boosted heating demand against milder long-term forecasts that […]
Extremely cold weather and storms could present risks for fleets in the coming days. Named Winter Storm Elliott by the Weather Channel, a wave of cold air and precipitation is expected to be a “once in a generation” storm, causing temperatures in all 48 continental states to fall to 20 degrees Fahrenheit or below by […]
This week, oil prices fell to some of the lowest levels in months. Crude oil slipped down to the low-$70s, and NYMEX gasoline hovers just above $2/gal. Diesel prices are outperforming gasoline still, but even that fuel category has traded well below $3/gal for the week. With the year coming to a close, traders are […]
When it comes to buying fuel, there are two primary ways you can pay for your fuel. You can buy in bulk, lowering costs but paying a larger bill upfront, or you can pay as fuel goes into a vehicle, incurring higher premiums for retail or mobile fueling. What if there was a way to […]
