diesel News Updates

A series of cargoes of military-grade fuel that is due to sail from the U.S. across the Pacific illustrates how far the Iran war has disrupted the oil supply chain.

The trade route from the West Coast to Australia is rarely used, but it has become a way for the continent to address fuel shortages since the Iran war began.

President Trump said that while the U.S. would hold off on fresh attacks, it would maintain its blockade on the Strait of Hormuz. 

President Trump has pushed to expand oil production, saying that will help ease energy bills and match the growing demand for power by industries like AI.

California and Arizona boast some of the country’s highest gasoline and diesel prices, owing in part to a loss of West Coast refining capacity.

Requests to store distillate fuel in tanks with a railroad connection soared to 250,000 barrels in March, up from 30,000 barrels in February and none in January.

Gasoline prices have climbed during the Iran conflict, drawing political scrutiny in a midterm election year and intensifying calls for clarity on policy.

Transportation Secretary Sean Duffy revealed April 13 that officials from PHMSA visited the pipeline site to oversee safety operations.

According to earnings filings published last week, 7-Eleven's North American operator plans to close 645 stores in the 2026 fiscal year.

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.