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Drilling Deep: Great news! Diesel prices are lower. Bad news! Diesel prices are lower

Among all the chaos in markets these past days has been one that is of particular importance to the trucking industry – the price of oil and the price of diesel have collapsed.

This may sound like nothing but a good thing for the trucking sector, but as are many things, it’s complicated. Drilling Deep host John Kingston is joined by FreightWaves’ Sultan of SONAR Zach Strickland to discuss his work on the correlation between diesel prices and freight rates. It’s not what you might think. 

John Kingston

John has an almost 40-year career covering commodities, most of the time at S&P Global Platts. He created the Dated Brent benchmark, now the world’s most important crude oil marker. He was Director of Oil, Director of News, the editor in chief of Platts Oilgram News and the “talking head” for Platts on numerous media outlets, including CNBC, Fox Business and Canada’s BNN. He covered metals before joining Platts and then spent a year running Platts’ metals business as well. He was awarded the International Association of Energy Economics Award for Excellence in Written Journalism in 2015. In 2010, he won two Corporate Achievement Awards from McGraw-Hill, an extremely rare accomplishment, one for steering coverage of the BP Deepwater Horizon disaster and the other for the launch of a public affairs television show, Platts Energy Week.