diesel News Updates

The convenience store and gas station operator focused on rural communities in the Midwest and the Southwest is selling 14 million shares for $20 to $23 each.

ACT Research preliminary data showed orders jumped 126% from the prior year to 37,200. Sequentially, orders fell 19.5% from 46,200.

Legislators in several states are calling for measures to temporarily halt motor fuel taxes to alleviate the impact of rising prices at the pump for residents.

Diesel prices are climbing, ocean vessels are rerouting and U.S. trucking rates are responding as war in Iran ripples through energy and freight markets.

The average on-highway price of diesel in California was $7.219 a gallon on March 30, a 44.7% increase compared with $4.99 a gallon on March 2.

Diesel trucks with refrigerated loads are now paying more to haul a trailer to its destination and to keep the transport refrigeration unit running.

Owners of diesel-powered vehicles have seen even steeper fuel price increases since the war started on Feb. 28.

The IEA said the release will largely consist of crude oil, though contributions from Europe will primarily take the form of refined petroleum product.

November’s midterms will hinge in part on Americans’ attitudes toward the cost of living, and polls show the president is getting poor economic marks.

Imports of Venezuelan heavy crude doubled in the week leading up to March 13, reaching the highest since late 2024, according to U.S. government data.