Officials within President Joe Biden’s administration are hunting for ways to head off a feared spike in oil prices later this year, including the possibility of an additional release from the nation’s emergency crude reserves.
September 8, 2022diesel News Updates
Oil Reserves Could Be Tapped to Head Off Winter Crisis
California Blackout Risk Spurs Diesel Demand for Generators
Diesel demand in California is soaring as the risk of blackouts in the state spurs big power users to load up on fuel for generators.
September 7, 2022Sheetz Reduces Its Diesel Price for Truck Driver Appreciation
ALTOONA, Pa. — In recognition of the country’s truck drivers, Sheetz has announced it has lowered the price of its diesel fuel to $4.49.
September 7, 2022Diesel Surges 20.6¢ to $5.115 a Gallon
Diesel’s nine-week run of declines abruptly ended as trucking’s main fuel rose 20.6 cents a gallon to put the national average cost back over $5, according to Energy Information Administration data released Aug. 29.
August 29, 2022Diesel Supply Below Average in Northeast
PORTLAND, Maine — Diesel and heating oil supplies in the Northeast are more than 50% below the recent average, raising concerns that an extreme weather event could cause supply disruptions, federal officials said.
August 29, 2022Biden Administration Urges Fuel Export Cuts to Restock Northeast
The Biden administration is warning refiners that it may take “emergency measures” to address fuel exports as stockpiles of gasoline and diesel fuel remain near historically low levels in the Northeast.
August 26, 2022Diesel Pinch Looms as World Seeks Relief From Pricey Natural Gas
The global diesel market looks set to get even tighter as power generators and industrial users seek relief from surging natural gas prices.
August 26, 2022Regional Variance Produces Tiny Drop in Diesel’s National Average
The price of diesel may be showing signs of leveling off after falling again for the ninth consecutive week, but by just two-tenths of a cent, thanks to noticeable regional disparities.
August 22, 2022Flotilla of Diesel Ships Heads to Europe Amid Energy Crisis
A fleet of ships carrying diesel, one of the world’s most important fuels, is heading for European markets facing energy-security threats from high temperatures, soaring gas prices and Russian disruption.
August 18, 2022Sky-High Diesel Prices Squeeze Truckers, Farmers, Consumers
NEW YORK — When longhaul trucker Deb LaBree sets out on the road to deliver pharmaceuticals, she has strategies to hold down costs. She avoids the West Coast and the Northeast, where diesel prices are highest. She organizes her delivery route to minimize “deadheading” — driving an empty truck in between deliveries.
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