diesel

A federal jury in Salt Lake City on Monday convicted a Los Angeles businessman on criminal charges related to a $1 billion renewable fuel tax credit fraud scam, according to the U.S. Justice Department. Lev Aslan Dermen, also known as Levon Termendzhyan, was found guilty on multiple charges of...

Among all the chaos in markets these past days has been one that is of particular importance to the trucking industry – the price of oil and the price of diesel have collapsed. This may sound like nothing but a good thing for the trucking sector, but as are many things, it's complicated. Drilling...

Oil markets are plummeting as the business week opens, and it's instructive to look at past Saudi-led price wars to see where prices may be heading.  After the collapse last week of the talks between OPEC and a non-OPEC group led by Russia, Saudi Arabia let the world know it was planning on...

Image by Falkenpost from Pixabay

Manufacturing Outlook: The coming week will be telling for the industrial segment. The Institute for Supply Management updated the Purchasing Managers' Index (ISM.PMI). It breached the 50-expansion threshold in for two consecutive months. There may be some talks of a turnaround for the...

Details are skimpy at this point, but a lot more refiners are going to need to account for ethanol somehow in their operations The most recent shift in the Trump administration's policy on biofuels, particularly ethanol, is likely to have an impact in the transportation sector both on the rails...

To learn more about how electrification advances can benefit your business, visit blackburnenergy.com. Image by RENE RAUSCHENBERGER from Pixabay

In a just-released report loaded with good news for anybody consuming diesel fuel, a leading energy research company sees the diesel market staying weak well after taking a hit from the ongoing coronavirus scare. The coronavirus outbreak has particularly weakened diesel prices, in part because of...

How would you like to know today what the price of something is going to be tomorrow? That's what FreightWaves has launched with its predictive model on wholesale diesel prices. On this week's "Drilling Deep" podcast, host John Kingston speaks with DTN's Scott Susich, who has worked with...

Chart of the Week: Retail to Wholesale Fuel Spread – USA, DAT Longhaul Van Freight Rate – National SONAR:FUELS.USA, DATVF.VNU Fuel costs were supposed to be one of the major headwinds for carriers entering 2020. Implementation of the new low sulfur requirements—IMO 2020—on marine fuel were...

Startup XStream Trucking's automated TruckWings, which reduce aerodynamic drag and improve fuel economy on Class 8 tractors, will be optional on Agility Fuel Solutions' compressed natural gas conversions, the companies said Tuesday. TruckWings work by automatically deploying panels from the back...

Former congressmen from opposite sides of the political aisle contend that a 15-cent-per-gallon increase in the federal diesel fuel tax will be needed to stabilize the Highway Trust Fund (HTF) and buy time before transitioning to a vehicle miles traveled (VMT) user fee. "This is the only short-...

It was conventional wisdom, accepted by all – the price of diesel was going to rise, and IMO 2020 was the cause. One example of many, a report by the Fitch ratings agency, was published in August 2019. "Fuel switching due to IMO 2020 will drive a large and sudden shift in demand for diesel in...

The relative weakness in diesel prices four weeks into the start of the IMO 2020 regulations does not surprise Marathon Petroleum Corp (NYSE: MPC) CEO Gary Henninger. Henniger, on a conference call with analysts after the release of the company's fourth-quarter earnings, said the independent...

Here's what is almost certainly frustrating many truck drivers and shippers as January draws to a close: On Jan. 2, the first trading day of the year, ultra low sulfur diesel (ULSD) settled on the CME, the main energy trading platform, at $2.0241 per gallon. A day later, it settled at $2.0614. On...