Tag

Diesel

All articles tagged with #diesel

world12 days ago•3 min saved

Russian Tanker Advances Toward Cuba, Testing U.S. Oil Blockade

A Russian oil tanker carrying about 730,000 barrels of crude is approaching Cuba’s Matanzas, signaling a push against the U.S. oil blockade and amid Washington’s threats of tariffs. Cuba, already suffering a severe energy crisis with no oil since January, could gain diesel from the cargo—roughly 250,000 barrels after processing, enough to cover around 12.5 days of demand—forcing a decision on whether to prioritize power generation or transportation as fuel shortages continue. Intercepting the vessel at this stage appears unlikely.

via Barron's|

#cuba #diesel #energy-crisis

business14 days ago•4 min saved

Diesel Spike Pressures Small Truckers as Freight Boom Fades

Rising diesel prices—about 41% since the Iran-related conflict began to an average near $5.38 a gallon—are crushing cash flow for small owner-operators who pay the fuel bill and lack automatic surcharges, while many long-haul carriers shielded by contracts and hedging see steadier profits; with a post-pandemic oversupply and volatile spot rates, some independents are parking rigs as freight demand remains uncertain, even as a few survivors tighten budgets and push back on unprofitable loads.

via CNN|

#business #diesel #freight

economy24 days ago•2 min saved

Diesel Hits $5 a Gallon, Stoking Inflationary Ripples Across the U.S. Economy

Diesel prices have jumped to $5.04 a gallon, the highest in four years, raising transport costs for trucks, trains, and ships and potentially lifting core inflation even before consumer prices fully reflect the increase.

via Axios|

#diesel #economy #inflation

business24 days ago•5 min saved

Diesel crosses $5 a gallon as Middle East tensions ripple through prices

Diesel averaged $5.04 per gallon nationwide as tensions around the Strait of Hormuz push crude and energy costs higher, signaling broader inflation through more expensive deliveries, shipping, and groceries, with farmers bearing the impact and freight costs likely to rise.

via NBC News|

#business #diesel #energy-prices

business1 month ago•7 min saved

Diesel Spike Tests Small Truckers as Hormuz Crisis Fuels Higher Energy Costs

A surge in diesel prices driven by Iran’s conflict and the near-cessation of shipping through the Strait of Hormuz is squeezing small operators and potentially lifting inflation. While big carriers can shrug off costs via surcharges, independent truckers face tighter margins, delayed repairs, and pressure to raise freight rates, with broader risks to groceries and the economy if prices stay elevated.

via The Washington Post|

#business #diesel #energy-security

business1 month ago•313 min saved

Diesel surges faster than gas, reshaping costs from trucks to groceries

Diesel prices are rising much faster than gasoline amid an Iran-related energy shock, with winter heating oil demand also boosting diesel use. Diesel was around $4.60 a gallon—up about 22% since before the conflict—while regular gasoline rose about 16% to $3.45, and the gap could widen to $5 a gallon. The spike matters because diesel powers most freight, shipping and farming, meaning higher transport costs for goods and surcharges from UPS and other carriers. Farmers face pricier inputs like fertilizer, and the broader economy could see higher prices for everyday items as logistics costs climb.

via CNN|

#business #diesel #inflation

energy1 month ago•5 min saved

Midwest and South face steep fuel hikes as Middle East tensions ripple through US gas

U.S. pump prices jumped more than 10% this week as crude oil rose above $90 a barrel amid the U.S.-Israel-Iran conflict, with the Midwest and South hardest hit; AAA data put regular gasoline at about $3.32/gal and diesel at $4.33/gal—the highest in months—and analysts warn prices could climb further toward $3.50-$3.70/gal if oil stays elevated and supply disruptions persist, aided by Middle East turmoil, demand for U.S. exports, and seasonal factors.

via Reuters|

#diesel #energy #fuel-prices

world1 month ago•21 min saved

Iran Conflict Triggers Global Oil Spike, Pushing Gas Prices Higher

Trump’s unprovoked strike on Iran has driven crude and refined-oil prices up, with US diesel averaging around $4 per gallon and gasoline near $3.20, according to industry analysts. Futures markets and bank projections point to further rises: Brent crude could reach about $76 per barrel, and potentially exceed $100–$120 if the Strait of Hormuz remains closed. The development underscores broad economic risks as markets price in supply shocks and geopolitical uncertainty.

via Common Dreams|

#diesel #gas-prices #gasoline

world3 months ago•3 min saved

EU considers weakening 2035 diesel and gasoline car ban amid automaker pressure

The European Union is expected to soften its 2035 ban on new diesel and gasoline car sales due to lobbying from Germany, Italy, and automotive industry groups, raising concerns about the impact on climate goals and industry competitiveness.

via CNBC|

#2035 #car-ban #diesel

automotive5 months ago•5 min saved

Is the $5,995 1992 Mercedes-Benz 300 SD a Big Deal?

A 1992 Mercedes-Benz 300 SD with a rare 3.5-liter turbo diesel engine is listed for $5,995, offering a glimpse into the last of Mercedes' over-engineered sedans, with notable features and some cosmetic wear, making it a potentially interesting but possibly risky buy.

via Jalopnik|

#automotive #classic-car #diesel

automotive2 years ago•2 min saved

"Electric Vehicle Surge: Europe's New Car Registrations Soar, Outpacing Diesel and Boosting Sales"

Electric vehicle (EV) registrations in Europe have surpassed those of diesel-powered vehicles for the first time, with 1.23 million EVs registered between January and October compared to 1.22 million diesel vehicles. EVs accounted for a market share of 14.2% in October, up from 12% last year. Gasoline-powered vehicles still hold a third of the market, while hybrid electrics have a 28.6% share. New car sales in the EU increased by 14.6% in October, driven by a significant rise in all-electric vehicle sales.

via Electrek.co|

#automotive #diesel #electric-vehicles

energy2 years ago•1 min saved

Russia Set to Lift Fuel Export Ban, Boosting Oil Supplies

The Russian government has informed fuel producers to prepare for the removal of all remaining restrictions on the export of diesel and gasoline, according to industry sources. Russia, the world's leading seaborne exporter of diesel, implemented a ban on fuel exports in September to address high domestic prices and shortages. While restrictions on diesel exports were eased in October, measures on gasoline exports remained in place. The ban is expected to be lifted next week, with the government citing stabilization of the domestic market as the condition for removal.

via Reuters|

#diesel #energy #fuel-export

energy2 years ago•3 min saved

Argentina's Fuel Shortage: Drivers Desperate for Gasoline Amid Election Tensions

Argentina is experiencing a severe fuel shortage, with long lines and empty filling stations, due to domestic refining problems and a lack of dollars for imports. The shortage has caused frustration among drivers and raised concerns ahead of the upcoming presidential election runoff. While there are some signs of improvement, such as limited supplies of certain fuel types, the situation remains challenging. The government has set a low local oil price to combat inflation, but this has affected the economics for firms importing fuel. Oil companies have presented a plan to boost supplies, and the government has threatened to halt crude oil exports if the crisis is not resolved.

via Reuters Canada|

#argentina #diesel #energy

energy2 years ago•1 min saved

Russia Ends Export Ban on Low-Quality Diesel and Fuel, UK Intelligence Analyzes Potential "Petrol Crisis"

Russia has lifted the temporary ban on low-quality diesel and marine fuel exports, which was implemented to stabilize fuel prices in the domestic market. The ban on all types of gasoline and higher-quality diesel remains in place. The government exempted fuel already accepted for export before the ban came into effect. Analysts believe the ban may not last long, as Russia may not want to close refineries' fuel processing capacities due to export restrictions. The lifting of the ban could alleviate tightness in the global diesel market.

via OilPrice.com|

#diesel #domestic-market #energy

energy2 years ago•5 min saved

"Rising Oil Prices Fuel US Gas Price Surge, Bolstering Russia's War Efforts"

Rising oil prices are leading to increased costs for gasoline and diesel, impacting US drivers, truckers, and farmers. The global fight against inflation is also complicated by higher oil prices, which are bolstering Russia's war chest. The increase in prices is primarily due to Saudi Arabia's decision to cut back oil production, tightening supply. While some analysts predict oil prices could reach $100 per barrel, others believe they will remain in the low $90s. Factors such as demand for fuel, financial speculation, and potential increases in Iranian oil production also influence prices. Consumers are experiencing higher prices for gasoline and diesel, with diesel shortages affecting farmers and transportation costs. The higher oil prices benefit Russia, providing additional revenue to support its war efforts and counter Western sanctions. The politics surrounding oil production and the Biden administration's focus on balancing oil production with renewable energy are also discussed.

via Yahoo News|

#diesel #energy #gasoline