Latest News From Fuel

Infuriating price increases are the topic of the day, and but like the 80’s, rising inflation is driven largely by energy and the price of oil. It's now less about the supply of oil, and more about refining capacity.

The move is contingent on legislative action, which would temporarily lift the 18.3 cents tax per gallon on gasoline and 24 cents tax per gallon on diesel during the summer months.

Diesel prices are causing sticker shock, as fears of a possible diesel shortage are growing. It’s not just retail diesel prices that are rapidly rising. Some farmers report booking off-road diesel for above $5.

Diesel prices hit $5.58 a gallon on Friday, smashing another record. With NOAA predicting an above-normal hurricane season, it could introduce more trouble for already short diesel supplies. 

U.S. diesel prices are the highest ever, with warnings of shortages, especially in the eastern U.S., and the most intensive part of the farming season is still ahead.

Washington leadership agrees to massive infrastructure deal, but details around funding and contents still need to be defined.