diesel

The benchmark diesel price used for most fuel surcharges is back below $4 a gallon. A decline of 2.3 cents a gallon from the prior week's number put the Department of Energy/Energy Information Agency price at $3.992. It's only the second time in the past 11 weeks that the price has been below $4....

Several members of the Benzinga team took part in a tour of the Hyliion Hypertruck ERX and test drove the vehicle. Here’s what the Benzinga team and Hyliion CEO Thomas Healy had to say.  What Happened: Trucking company Hyliion Holdings Corp (NYSE: HYLN) went public in 2020 via...

If the price of ultra-low sulfur diesel on the CME commodity exchange settles Friday where it was trading at about 10:45 a.m., it will mean that the building block for all diesel prices will have plummeted more than 26 cents in just three weeks of trading. ULSD on CME kicked off August by settling...

On this week's Drilling Deep, host John Kingston sits down with Jay Delaney of Trimble to discuss the landscape for transportation management systems. What are customers demanding today and how ready is the industry to provide it? Kingston will also talk about an unexpected snag in the march to...

Trucking companies want answers after K-Ratio abruptly shut down its fuel hedging program in late June, two days before some carriers say they were scheduled to receive their fuel swap settlements for the previous month. But K-Ratio says it was incorrectly led to believe the program was being...

It was the sort of deal that is a shocker because it goes completely against the trend in the oil business. The transaction in question was the recent announcement by Phillips 66 (NYSE: PSX) that it was going to "reverse integrate" its renewable diesel operations. In doing so, the company sent two...

The Daily Dash is a quick look at what's happening in the freight ecosystem. In today's edition, we highlight the impact of the Colonial Pipeline shutdown on diesel supplies, different approaches to reducing driver fatigue and more. The High Five 1. Major fuel suppliers in the Southeast are...

Major fuel suppliers in the Southeast are starting to list an increasing number of outlets with no diesel supplies as the shutdown of Colonial Pipeline heads into its sixth day.  While the market waits for an expected announcement Wednesday evening regarding whether Colonial believes it can safely...

As the oil markets enter day three of the shutdown of the Colonial Pipeline following a cyberattack, here's a Monday morning catch-up primer on what is going on. — The price of ultra-low sulfur diesel (ULSD) on the CME commodity exchange is higher Monday morning, but not by a large amount. At...

Drivers and fleet owners who don't understand all the nuances of how the retail price of diesel is set should think of it as a stacked bar chart. At the base is the price of crude. That will always be the biggest factor because except for renewable supplies of diesel, the fuel comes from crude....

Hedging of exposure to the shifts in the price of fuel has been a rarely sighted activity in the trucking market for a variety of reasons: Fuel surcharges allow pass-throughs to customers, it ties up capital, and hedging losses can be painful blots on earnings reports for public or private...

UK Prime Minister Boris Jonson will announce new green initiatives this week, including a ban on new gasoline and diesel cars from 2030. What Happened: Johnson said in February that the ban would be introduced in 2045, but he is now expected to change the timeline to 2030 this week, in an...

Data was reported last week by the federal government on diesel inventories that was historic in the magnitude of the change from the prior week. It could mark a shift in the weak diesel market that has benefited carriers and drivers for several months.  Ultimately, the price of diesel will be set...

Weather has a big impact on Suburban Propane Partners (NYSE: SPH). Shares of the company have traded down over 30% in 2020 after a warmer winter hurt financials. The U.S. has had three of the warmest winters on record over the last 10 years, with record winters seen in 2015-16 and 2016-17, Suburban...

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today's edition, the U.S. International Trade Commission has been asked to investigate whether Mexico-based cross-border trucking operations are hurting U.S. long-haul truckers. Plus, Workhorse Group continues to...