In the latest episode of "The Freight Caviar Podcast", we sit down with several young and talented individuals who gave us an inside look at the Serbian logistics market and the benefits of outsourcing.
Plus: A court ruling shields brokers from liability, a $22M cocaine bust on I-40, and Aurora’s fight with FMCSA over safety tech.
The port strike has been averted, and the agreement awaits ratification.
Diesel prices surge 9.9¢ in a week, hitting $3.905 a gallon, marking the largest increase since March 2022.
The national average price of on-highway diesel has soared by 9.9 cents, hitting $3.905 per gallon, marking the most substantial one-week increase since March 2022.
This significant leap comes after a week of no price fluctuation, as reported by the Energy Information Administration (EIA). All ten regions surveyed by the EIA noted a rise in diesel prices. On a related note, the national average gasoline price also climbed, increasing by 3.7 cents to reach $3.596 per gallon. This fluctuation in fuel costs impacts various sectors, from logistics and transportation to consumer goods pricing.
Source: Transport Topics
Perspective on this week's increase in the DOE/EIA benchmark #diesel price: since Ukraine invasion, it's only the 9th highest. But for the 10 years prior, it would be the third highest, behind two times during hurricanes. This was a big, big move. pic.twitter.com/tf54dnSe9C
— John Kingston (@JohnHKingston) July 24, 2023
National average diesel price rises for the third week, up by 43.3¢ since July 17. Diesel now 75.4¢ cheaper than the same period in 2022.
The national average diesel price sees a dramatic increase, soaring by 22.2 cents to hit $4.127 per gallon.
Diesel prices see a significant decline due to weakening spot market differentials and reduced oil exports from Russia and Saudi Arabia. Amidst China's shrinking oil demand and economic challenges, the global oil market faces a period of uncertainty.
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