Fuel News

The benchmark diesel price used for most fuel surcharges rose for only the fourth time in the past 17 weeks.

The benchmark used for most diesel surcharges was down for the 13th time in 16 weeks.

Cummins Inc. will spend $580 million to upgrade a North Carolina plant to make fuel-agnostic small engines.

After a year in which crude and diesel prices fell, new refineries and the supply and demand balance appear to be bearish in ’24.

After an increase last week, the benchmark diesel price used for most fuel surcharges declined in its first posting of 2024.

The benchmark diesel price used for most fuel surcharges rose Tuesday, the first increase since the end of October.

In the closing edition of Drilling Deep for 2023, P. Sean Garney of Scopelitis looks at the regulatory landscape for the new year.

The benchmark diesel price used for most fuel surcharges was down Monday, but its long decline is threatened by Red Sea strife.

On this week’s Drilling Deep, we talk truck parking and weakening oil demand. (Photo: Jim Allen/FreightWaves)

UPS’ ground delivery surcharge increase comes amid a continued decline in diesel pump prices.

Cummins’ aggressive scaling of electrolyzers will need other players to meet expected midcentury hydrogen demand.

The basis for most fuel surcharges declined for the eighth time in 10 weeks.

UPS’ levies drop to 15% from 15.25%.

The benchmark price used for most fuel surcharges dropped for the ninth time in 11 weeks.

Effective Monday, UPS’ surcharge levels for domestic ground parcel and SurePost services will rise by 50 basis points.

The DOE/EIA diesel price declined for the eighth time in the past 10 weeks.

The price used for most fuel surcharges dropped again, with prices now down more than $1 compared to last Thanksgiving. 

The benchmark diesel price for most fuel surcharges was down, though other numbers are suddenly pointing higher.

In a keynote address to the F3 conference, Alex Epstein laid out the case for continued fossil fuel use.

The state of Georgia has suspended diesel and gasoline taxes for the third time since early summer.

The benchmark diesel price used for most fuel surcharges has declined for the fourth time in five weeks.

Oil prices, including the benchmark used for most fuel surcharges, are below or close to Oct. 7 levels.

Natural gas has long been a bit player in a diesel-driven engine world. That may change with Cummins’ beefier 15-liter offering.

Decline in this week’s benchmark is catching up from an earlier slide at CME.The retail diesel benchmark used for most fuel surcharges fell although futures and wholesale prices continue to trend higher.

As the diesel futures price starts to rise due to the Israeli conflict, the benchmark for most fuel surcharges has moved down.

Truckers save 35 cents a gallon on fill-ups with Georgia’s fuel tax suspension.

The benchmark price for most fuel surcharges moved by only a small amount, but futures markets are going through some big swings.

The benchmark diesel price used for most fuel surcharges declined for the first time since early summer.

The key diesel benchmark retail price rose for the week, but diesel futures prices have suddenly posted a big two-day reversal.

Truckers in Georgia will save 35 cents a gallon on fill-ups at least through Oct. 12.

The International Energy Agency’s closely watched monthly report didn’t have much good news in it for oil consumers.

The national average retail price used for most fuel surcharges climbed 4.8 cents a gallon this week, but it’s moving a lot higher on the West Coast.

Fuel costs were overshadowed by skyrocketing freight rates amid the supply chain crisis. Now, fuel costs are much more important.

A run of news developments in the diesel world can’t be seen as anything but discouraging for diesel consumers.

The DOE/EIA benchmark price used for most diesel fuel surcharges tacked on another 8.6 cents a gallon this week.

The benchmark price used for most fuel surcharges recorded only a small move after four big ones.

The benchmark diesel price that is the basis for most fuel surcharges is up more than 36 cents a gallon in six weeks.

The monthly International Energy Agency forecast clearly laid out the supply and demand issues that are driving oil prices higher.

The benchmark diesel price used for most fuel surcharges is up more than 11 cents a gallon this week.

The one-week increase in the benchmark diesel price used for most fuel surcharges is one of the biggest ever.

The benchmark price of diesel used for most fuel surcharges went sharply higher this week, and it could signal the start of a broad increase.

Spreads between high- and low-sulfur fuels are down to pandemic levels and LNG has become much more economical.

The retail diesel price that serves as the basis for most fuel surcharges had no change from the prior week for the first time since April 2021.

A report from a key oil agency could be read as either bullish or bearish for the market.

The benchmark diesel price used for most fuel surcharges rose for just the third time in 23 weeks.

The benchmark diesel price used for most fuel surcharges declined Monday for the 20th time in 22 weeks.

The benchmark diesel price used for most fuel surcharges declined Monday for the 19th time in 21 weeks.

The benchmark diesel price used for most fuel surcharges moved higher this week after eight straight drops.

The benchmark diesel price used for most fuel surcharges has declined for the 18th time in 19 weeks.


The benchmark price used for most fuel surcharges took yet another downward move Monday as markets now are faced with a surprise cut in Saudi output.

Despite a slow Memorial Day start, summer demand is expected to hike tanker rates in the months ahead.

The benchmark price used for most diesel surcharges declined for the sixth straight week.

The benchmark price used for setting most diesel fuel surcharges is down for the 16th time in 17 weeks.

The diesel benchmark price for most fuel surcharges declined for the 14th time in 15 weeks Monday, but signs suggest further declines may not materialize.

TravelCenters of America shareholders voted overwhelmingly in favor of the proposed sale to BP.

The benchmark diesel price used for most fuel surcharges is now less than $4 a gallon for the first time since early 2022.

The weekly DOE/EIA diesel price benchmark is almost at the sub-$4 mark, where it has not been since February 2022.

The benchmark diesel price used for most fuel surcharges declined Monday, continuing a trend that goes back six months.

The benchmark used for most diesel surcharges rose for the first time in 10 weeks, but the market is not otherwise looking strong.

The price benchmark used for most fuel surcharges has fallen to a level less than where it was when Russia invaded Ukraine.

The DOE/EIA benchmark diesel price declined for a ninth consecutive week, but developments in the oil market point higher.

Surging costs after Russia’s invasion of Ukraine could be a taste of things to come as shipping transitions to more expensive “green” fuels.

toB wants to capture more of the fleet card market by focusing on trucking fleets, owner-operators, last-mile operators and auto rental companies.

The benchmark price used for most diesel surcharges moved down for the eighth consecutive week.

Convenience store chain Arko has been identified as the previously unknown bidder for TravelCenters of America.

The DOE/EIA benchmark diesel price used for most fuel surcharges has dropped seven weeks in a row and 16 out of the past 19.

Hyzon has some clouds on the near horizon, but at CERAWeek, its CEO detailed the growth the company hopes to achieve.

The benchmark diesel price used for most fuel surcharges declined for the sixth consecutive week.

At a leading energy industry conference in Houston on Monday, hydrogen was the star of the show.

The benchmark diesel price used for most fuel surcharges has declined for five consecutive weeks.

The benchmark diesel price used for most fuel surcharges was down for the fourth week in a row.

The leading hydrogen expert at S&P Global Commodity Insights reviews the state of the hydrogen supply chain and where it might be headed.

One area of the supply chain that held together without much disruption during the pandemic was fuel. Gary Bevers talks about how that happened.

David Fialkov, a key government affairs representative for two retailer outlets, sees a mixed bag of government regulations and their impact on diesel supply.

Benchmark price for most fuel surcharges fell again, but diesel futures turned higher on news regarding Russian sanctions by the European Union.

This week, FreightWaves will host Global Supply Chain Week, a three-day virtual experience featuring dozens of leaders in global trade.

Retail diesel prices are coming down, but their spread against futures and wholesale rates remains wide in comparison to past levels.

The benchmark DOE/EIA diesel price dropped Monday, as the market swings into a new era of restrictions on Russian diesel exports to the European Union.


The benchmark diesel price used for most fuel surcharges increased this week, but trends are pointing lower.

“Brent Blend” sounds like something Loretta Lynn’s forebears might have distilled in West Virginia.

The benchmark diesel price for most fuel surcharges continues to fall even as other key numbers are rising before a ban on some Russian imports.

Marine fuel rules have become a key factor in diesel prices, but a new set of regulations may actually push downward on the market.

Move will add 35.6 cents a gallon to truckers’ fuel tab.

The benchmark DOE/EIA diesel price used for most fuel surcharges moved higher Tuesday for the first time since early November.

The benchmark DOE/EIA diesel price dropped for the seventh consecutive week, falling by more than 80 cents during that time.

Diesel prices at the pump still have a ways to go to catch up with earlier declines in wholesale and futures prices.

The benchmark DOE/EIA average retail diesel price fell by the second-biggest one-week amount in the history of the data series.

The benchmark DOE/EIA diesel price fell by the biggest one-week amount since 2009.

The benchmark diesel price used to set most fuel surcharges has dropped four out of the past five weeks.

The benchmark diesel price used for most fuel surcharges is down 8 cents this week, with other indicators signaling further market weakness.

The benchmark price used for most diesel fuel surcharges ticked down a couple cents even as futures market are racing lower.

Two key sellers of diesel fuel see supplies being tight but in a market that can adjust to help ensure supply.

The key benchmark price used for diesel surcharges increased as the market absorbs divergent sets of data.

Diesel inventories are “running on fumes,” according to an industry expert Wednesday at FreightWaves’ Future of Freight Festival, but the week’s stock report was encouraging.

The DOE/EIA diesel price move came after days of wild fluctuations in the November contract price of ULSD.

The intersection of natural gas and diesel has likely never been more volatile than it is going into the coming winter.

East Coast diesel prices are soaring at a rate far higher than the rest of the country.

The benchmark diesel price used for most fuel surcharges rose a small amount after two weeks of bigger jumps.

The benchmark diesel prices used as the basis for most fuel surcharges has gained back more than half of an earlier big decline.

The benchmark DOE/EIA retail diesel price recorded the third biggest increase in the history of the series.