Diesel Prices Climb After Two Midwest Refineries Go Offline
Diesel prices in the Midwest climbed for a second day after two refineries in the region shut down unexpectedly, stoking fears of a supply crunch.
Europe’s Diesel Supply Chain Threatened by High Freight Costs
A surge in shipping costs due to turmoil in the Red Sea is pressuring Europe’s diesel supply chain, contributing to a sharp jump in fuel prices.
Russia Lifts Diesel Export Ban
Russia allowed a return to seaborne exports of diesel just weeks after imposing a ban that roiled global markets, taking other steps instead to keep sufficient fuel supplies at home.
October 6, 2023New York Steps Up as Unlikely Diesel Supplier
New York is rising to the fore as an unlikely diesel supplier, shipping out three cargoes in one week as Russia’s fuel export ban sends buyers searching for new supplies.
Diesel Price Drops 4.7¢ to $4.586 a Gallon
The national average diesel price paused from its recent surge, falling back 4.7 cents to settle at $4.586 a gallon, according to Energy Information Administration data released Sept. 25.
Analysts: Diesel Price Augurs Carrier Casualty Acceleration
Soaring diesel prices are likely to push more trucking companies out of business, especially smaller carriers, after casualties already spiked in the first two-thirds of the year.
Diesel Issues Could Worsen Due to Lack of Crude From OPEC+
The diesel market is pricing in a crisis, one that soon could get even worse because of a lack of the type of crude that’s good for making the fuel.
EPA Announces $115 Million for DERA Grants
The Environmental Protection Agency recently announced that $115 million has been directed for the Diesel Emissions Reduction Act program.
Kansas Breaks Ground on Expanded Diesel School
Kansas will be able to train more diesel technicians with a new $1.2 million grant from the U.S. Department of Commerce’s Economic Development Administration.
Drop in Diesel Demand Heightens Recession Concerns
“Diesel demand can act as a leading indicator for broader growth as an early sign that spending by households is waning,” said one expert.
April 17, 2023