Tag

Diesel Prices

All articles tagged with #diesel prices

business22 days ago•21 min saved

Gas prices dip below $4 as oil slides after Iran deal signals relief

Gasoline prices slipped to a national average of about $3.99 per gallon, the first sub-$4 reading in weeks, as Brent and WTI oil retreat on news of an Iran deal and potential reopening of the Strait of Hormuz. Diesel could fall below $5 later, but drivers still face elevated pump prices vs. prewar levels. AAA says relief is welcome for summer road trips, though uncertainty around supply remains, and forecasters say prices could dip toward $3/gal by year-end if crude stays weak and no new disruptions emerge (with risks from Tropical Storm Arthur).

via Yahoo Finance|

#business #diesel-prices #gas-prices

local1 month ago•2 min saved

Georgia gas tax holiday ends as Kemp declines extension

Gov. Kemp will not extend Georgia's gas tax suspension, which ends at 11:59 p.m. Tuesday, removing roughly 33 cents per gallon on gasoline and 37.3 cents on diesel; the state will cover the shortfall from its surplus, while current averages run about $3.83 for regular gas and $4.92 for diesel. Drivers are advised to shop around for prices and use fuel-saving tips.

via CBS News|

#diesel-prices #gas-prices #gas-tax-suspension

politics1 month ago•11 min saved

Iowa Farmers Hold Firm in Trump's Economy Despite Rising Costs

Iowa farmers report volatile costs as fertilizer and diesel prices surge amid global tensions and trade frictions, but many still back Donald Trump, hoping his policies will pay off. They describe razor-thin margins, debt and equipment costs, and concerns about farm succession and mental health, noting subsidies help but don’t solve deeper systemic pressures in farming.

via NBC News|

#agriculture #diesel-prices #fertilizer-prices

business2 months ago•3 min saved

Hormuz Shock Sparks Fertilizer and Fuel Squeeze for U.S. Farmers

U.S. farmers are contending with a sharp surge in fertilizer and diesel costs after Iran’s actions disrupted shipments via the Strait of Hormuz, prompting many to buy at higher prices or cut usage as spring planting proceeds, with potential spillover effects on yields and farm incomes.

via France 24|

#business #diesel-prices #farmers

business3 months ago•41 min saved

Gas-price surge tightens budgets for drivers who use their own vehicles for work

Rising gas prices, driven by oil disruptions, are squeezing workers who drive for work—Uber/Lyft drivers, delivery staff, cleaners, and others—who largely pay for fuel themselves and often get only partial reimbursement. Some employers are raising mileage rates (e.g., Alpine Maids at 72.5 cents/mile; Doggy Lama at 80 cents) or adjusting schedules to reduce travel, while gig platforms are adding temporary fuel incentives. Many drivers report thinner margins as the national gas average nears $4 per gallon, with some declining tips or skipping orders to keep costs in check; diesel prices have climbed even more, affecting trucking and bus services globally. The situation is forcing workers and businesses to re-balance prices, hours, and reimbursements amid ongoing price volatility.

via Yahoo|

#business #diesel-prices #gas-prices

business3 months ago•10 min saved

Iran War Sends California Farms Spinning: Soaring Fuel and Fertilizer Costs

The Iran conflict is disrupting Middle East shipping and driving up costs for California farmers: container rates to the region have surged (now about $7,500 per box), diesel in California averages around $7.26 a gallon, and fertilizer prices are climbing. Growers like Sequoia Nut Co. face cash-flow strain as shipments are redirected or canceled, exporting markets fade, and Ramadan demand shifts; farmers are stockpiling inputs, seeking efficiency gains, and pressing for federal relief amid preexisting tariff and weather-related pressures.

via Los Angeles Times|

#business #california-farmers #diesel-prices

business3 months ago•2 min saved

Iran Conflict Sends Fertilizer and Fuel Costs Skyward, Straining U.S. Farmers

CBS News reports that the Iran war is driving up fertilizer and fuel costs, with ammonia up about 20%, urea about 50%, and diesel roughly 43.5%, adding to the burden on U.S. farmers who already saw a 46% rise in farm bankruptcies last year. Growers like Lance Lillibridge say costs are up around 25% from last year, threatening spring planting and potentially higher grocery prices as production costs climb from seed to sale.

via CBS News|

#business #diesel-prices #farm-bankruptcies

local3 months ago•27 min saved

Washington diesel prices spike to new highs twice in a single week

Diesel prices in Washington state climbed to record levels twice in one week, with the latest average hitting about $6.55 per gallon according to AAA, driven by ongoing fuel-market pressures and broader energy-market dynamics.

via KOMO|

#aaa #diesel-prices #economy

business3 months ago•31 min saved

Diesel Spike Tests Costs for Farmington Freight Fleet

Rising diesel prices driven by the Iran-related oil market disruption and Strait of Hormuz tensions are hitting Farmington-based Leonard’s Express, where fuel is the top expense for its 500-truck fleet. The company has been absorbing much of the volatility while partially passing costs to customers, dodging price swings only weekly as DOE reports come out, and worrying about cash flow and broader effects on shipping and consumer demand. The spike underscores how fuel costs ripple through the trucking industry and the economy until oil markets stabilize.

via 13wham.com|

#business #diesel-prices #freightshipping

economy3 months ago•6 min saved

Diesel hits $5 as Middle East tensions squeeze US fuel supply

US diesel prices rose to about $4.99 a gallon (roughly a 37% monthly jump) as Iran-related turmoil and Strait of Hormuz disruptions tighten global energy supplies. The squeeze raises costs for trucking and farming, risks higher consumer prices, and comes amid aging US refining capacity and limited new capacity.

via Financial Times|

#agricultural-commodities #diesel-prices #economy

economy3 months ago•5 min saved

Diesel Near $5 Amid Iran Conflict Tightening Global Fuel Supplies

US diesel prices climbed to about $4.99 a gallon—roughly a 37% jump in a month—as the Iran war and the Strait of Hormuz blockage tighten global energy supplies, raising costs for transporting goods and farming and risking broader consumer price pressures; analysts say the rally could persist due to limited refining capacity and aging U.S. refineries.

via Financial Times|

#agricultural-costs #diesel-prices #economy

world4 months ago•2 min saved

Trump vows wider Iran strikes as fuel costs spike

President Trump threatens expanded bombing of Iran as the conflict enters its second week, while domestic energy prices surge—gasoline up about 9 cents in a day and 43 cents in a week, diesel up over 22 cents—to lift costs for consumers and trucking surcharges, with estimates of higher overall fuel spending.

via Axios|

#diesel-prices #gas-prices #iran

energy2 years ago•0 min saved

Russia's Lifted Ban on Seaborne Exports Leads to Decrease in Diesel Prices

Diesel prices are expected to decrease as Russia lifts its ban on seaborne exports, allowing for increased supply in the market. This move is likely to have a significant impact on the energy market.

via Financial Times|

#ban-lifted #diesel-prices #energy

economy2 years ago•4 min saved

China's Influence on Diesel Prices and Global Inflation

Diesel prices have been rising in recent weeks due to fears of supply shortages, which could have a significant impact on inflation as diesel powers trucks, industrial machinery, and agricultural equipment. Higher fuel costs for businesses may lead to price increases on consumer goods, potentially forcing central banks to raise interest rates or keep them high for longer. Analysts and users of diesel are concerned that prices could spike this winter if refineries in Europe and North America shut down for repairs or maintenance. The geopolitical struggle between Russia and the West, as well as production cuts by Russia and Saudi Arabia, could further contribute to higher diesel prices. A cold winter combined with a diesel shortage could particularly affect the Northeast, where heating oil is widely used.

via The New York Times|

#central-banks #diesel-prices #economy

energy2 years ago•2 min saved

Consumers Hit by Soaring Diesel Prices as Inflation Concerns Grow

Diesel prices in the US have reached their highest levels since March, posing a hidden tax on consumers and stoking inflation concerns. Recent refinery disruptions, including a fire at Marathon's Garyville refinery, have contributed to the upward pressure on diesel prices. Experts predict that diesel prices could continue to rise, potentially posing challenges for retailers stocking up for the holiday season. Gas prices have also hit a 2023 high, adding to inflation worries. Factors such as tighter output levels from OPEC+ and voluntary cuts from Saudi Arabia have contributed to elevated crude prices. However, seasonality in gasoline demand and the potential impact of Hurricane Idalia on tanker movements could help keep a lid on prices in the near term.

via Yahoo Finance|

#diesel-prices #energy #gas-prices