All articles tagged with #fuel
J.B. Hunt warned that Q3 earnings could fall 5-10% as higher recruiting/onboarding costs add about $25 million to expenses and record diesel fuel prices create a roughly $10 million headwind, prompting a stock drop of over 10%; management expects volumes to improve sequentially to offset costs and is working to repair margins, with shares up about 100% over the past year.
Six months into a US–Iran war and renewed sanctions, Iran’s economy is collapsing: the rial/toman has plunged, inflation is soaring, and a 100% fuel-price hike has squeezed households, drivers, and small businesses. With wages failing to keep up and domestic mismanagement cited as a major factor, ordinary Iranians are cutting essentials and bracing for possible unrest as prices outpace income.
Diesel prices have surged toward record highs as global refining capacity tightens and seasonal demand rises, highlighting diesel’s critical role in trucking, shipping, farming and rail transport and signaling broader cost pressures for freight and goods.
US sanctions under a new push have driven Iran into deeper economic distress, with swelling inflation, a plunging rial, and shortages that push up staples’ prices while fuel lines reappear; households cut back on basics as the state weighs subsidy reforms and grapples with smuggling, highlighting a widening gap between patriotic rhetoric and growing poverty despite six months of pressure.
After Ukrainian drone strikes disabled the Orsk refinery, Russian regions implemented fuel restrictions and price controls: the Orenburg area capped gasoline at 30 liters per vehicle and limited diesel within settlements (and banned canister fills), while Novosibirsk set a 15% cap on retail markups above wholesale prices; in occupied Crimea, open sales led to price spikes and a return to QR-code rationing with a 100 ruble per liter ceiling for AI-92. The crisis has hit Crimea’s tourism hard (hotels down about 70%), prompting more than 4 billion rubles in one-off aid for tourism workers and fueling speculation of leadership changes in Crimea.
Ukraine’s drone strikes against Russia’s oil refineries have sparked fuel shortages across several regions, with the Orsk refinery hit and repairs potentially lasting months, as Putin scrambles to stabilize the economy and bolster dwindling public support amid the war.
Cuba’s state electric grid collapsed late Sunday, plunging roughly 10 million people into a nationwide blackout amid fuel shortages and a U.S. oil blockade that has strained imports; the outage follows three blackouts in July, with officials offering few details as the aging system and tight fuel supply press on.
Ukraine said it hit about 10 Russian tankers and four ferries in the Sea of Azov, and targeted oil facilities and a fuel train, as Zelenskyy announced a new unit to conduct incursions into Russia; Moscow reported a tanker fire that was contained, and Russia faces rising fuel shortages amid intensified drone strikes on energy infrastructure.
Kremlin-installed authorities in Russian-occupied Crimea order a nationwide stop to civilian fuel sales, reserving fuel for state services after a wave of Ukrainian strikes hit energy and transport links, signaling Kyiv's campaign is increasingly challenging Moscow's logistical backbone on the peninsula.
Crimea’s Russian-installed administration imposed a night-time ban on riding mopeds, quad bikes and motorcycles (8pm–6am), claiming their sound mimics drone attacks and alleging Kyiv is recruiting youths. Ukraine’s drone campaign continues to target Crimea’s logistics, with reports of a Ukrainian strike on Gazprom Neft’s refinery near Moscow that damaged a facility and fueled fuel shortages. Separately, Ukrainian casualties were reported from Russian strikes, including a Su-24M crash. At the G7, Western leaders discussed new sanctions on Russia’s oil exports, banking and military production, with indications from the US of possible reinstatement of oil-related sanctions.
Ukrainian drone strikes on Crimea’s bridges, fuel storage and naval routes are isolating the peninsula, crippling Russian logistics and fuel supply, and forcing Moscow to contend with a lengthened supply chain that weakens its southern offensive capabilities.
Ukrainian strikes on fuel depots, the land corridor to Crimea, and the strategic Kerch Bridge have disrupted shipments into the Russian-held peninsula, sparking fuel shortages as authorities ration gasoline and residents queue for supplies amid ongoing fighting.
US carriers spent about $6.5 billion on fuel in April, a 78% spike, while the global profit outlook for airlines was cut by nearly half.
Ukraine’s Security Service (SBU) says it struck the Vtorovo fuel-pumping station in Russia’s Vladimir Oblast as part of a broader “long-range sanctions” campaign aimed at disrupting Russia’s fuel logistics to central regions and Moscow; the drone strike caused a large fire at the Transneft facility, and officials say such attacks are part of a wider effort to degrade Russia’s energy distribution with plans to intensify operations.
California Governor Newsom's office is advising residents to avoid Chevron gas stations over the holiday weekend due to elevated fuel prices, suggesting shoppers compare prices and consider other brands to save on travel costs.