Fuel prices

Gasoline is priced based on octane levels, or resistance to combustion. Here’s an overview of how prices are determined.

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FreightWaves CEO Craig Fuller writes about methods to lower diesel fuel expenses for large and small trucking companies.

U.S. trucking operators, heed this warning from Asia. Maritime experts say that after the IMO 2020 deadline, fuel availability will be uncertain, scrubbers won’t work, stockpiles will “evaporate” and fuel prices will “go through the roof”.

Dart Transit celebrated its 85 years in business and Truck Driver Appreciation Week earlier this month, awarding drivers raffle prizes that included a new pickup, boat and Polaris ATV. Also, fuel prices jump, France tests no-Brexit and trucking group pushes port improvements.

Traveling carnival’s most important rides are reserved for the drivers in its trucks.

Continental and Leia are working on a 3D instrument display that brings to life the vehicle and its surroundings.

Automotive parts, tires, fuels and lubricant specialist U.S. Venture has bought energy information and supply chain management company Breakthrough Fuel for an undisclosed sum.

Today on FreightWaves NOW, Nick Austin sees more flooding in MO; Ibrahiim Bayaan evaluates the meaning of manufacturing; and John Paul Hampstead connects the dots between a large carrier’s earning report, the spread between wholesale and retail fuel, and air cargo.

It was only one trade and the comparisons to diesel prices are less than perfect. But there now is an actual transaction that reflects a value for now of what fuel might do under IMO2020.

Protests over rise in fuel taxes have turned violent in Paris, leaving two dead and 600 injured.

The Indian freight industry struggles with issues that most of the developing countries suffer with – like high fuel prices, inadequate infrastructure, lethargic governance, stifled technology adoption, and a general inefficiency in hauling equipment.

We take a look at August’s Class 8 natural gas truck retail sale numbers.

The depreciating Indian rupee coupled with rising fuel prices have hit the Indian transportation corridor quite hard. The Indian government is now coming up with new regulations and innovative transportation practices to ease pressure.

The U.S. has now risen to the top of the oil production list by extracting 10.9 million barrels per day (bpd) in August, but it needs to urgently address the pipeline bottlenecks across the Permian Basin to hold on to its numero uno status.

Hurricane season brings an increased risk to transportation energy in the United States, both from a supply and price perspective.

Exactly three months after truck drivers in Brazil shut down highways for across the country in protest, its impact continues to be felt.

Global sugar prices fall over record production and decreasing demand; oil squeeze looks to be inevitable; Walmart’s size might not help much if prices keep increasing and trucking market remains tight.

Cyberattacks increase with technology inclusion in supply chains; Tesla doubles loss this Q2; China is pumping billions into OBOR strategy; Aramco drops IPO as fuel prices rise.

Fuel remains among the largest costs for both carriers and shippers but based on the current practice of using a fuel surcharge to mitigate volatility in pricing, both parties remain at risk of ending up on the losing end of the deal.

The Indian trucking ecosystem now witnesses frequent strikes, as different economic reforms and the more recent rise in fuel prices are forcing a lot of carriers to accrue losses.

Canadian Pacific conductors and engineers walk off; Brazilian truckers continue their highway shutdown; CMA CGM and Zim blame losses on fuel prices; Savannah hits record TEU volumes in April; Goldman Sachs says the oil rally isn’t over yet.

Mexico’s ambassador to the United States told CBS News there is a 50% chance that the end result of NAFTA negotiations will be termination of the trade pact.

Recently, Mexico shifted into a supply-and-demand based pricing structure for its fuel markets, ditching the old system where the government set the fuel price through state-owned oil company Pemex as it seeks to attract more U.S. investment.

Offering long-haul truck drivers the opportunity to extend their day by 2 hours is the goal of a new petition to FMCSA from KeepTruckin. The ELD provider said an analysis of data collected from devices found a troubling pattern of safety concerns when drivers are detained at shippers.

Shippers may not be paying the correct price for fuel based on the way contracts are written and fuel surcharges are applied, according to Breakthrough Fuel, which advises a market-based approach instead of the traditional surcharge method.

The price of diesel fuel jumped last week, rising 6.3 cents per gallon to $2.882. The increase follows a rise in oil prices and a 20-cent jump in fuel taxes in California, that went into effect on Nov. 1.

While recovery efforts are still ongoing in many areas, the nation as a whole is about to feel the impact of Hurricane Harvey through increased fuel prices.

The National Hurricane Center has seen rapid intensification of Hurricane Harvey today and is now expecting the storm to gather strength before it makes landfall in Texas late Friday/early Saturday morning. The trucking interests are watching the storm closely as its final path and impacts will influence area spot rates, capacity, and fuel costs.

California Assembly Bill No. 398, otherwise known as The California cap and trade extension, has become but a blip in the news cycle, since the law was passed. The bill extended the state’s cap and trade program that aims to cut greenhouse gas emissions until 2030. But it could mean much higher fuel prices.

Four of the defendants in the Pilot Flying J federal fraud trial have reached plea deals with prosecutors, according to documents filed Monday in the U.S. District Court for the Eastern District of Tennessee.