Blue Supply Chain Solutions’ Post

The diesel surcharge benchmark has dropped for the ninth consecutive week, falling by 7 cents to $3.555 a gallon, reaching its lowest level in nearly three years. This decline is primarily attributed to the ongoing bearish oil market, which has seen prices steadily decrease. Despite a temporary price increase on Monday, the overall market sentiment remains bearish. This marks the largest one-week decline in the diesel price used for most fuel surcharges since December 2023. While retail prices have not fully caught up to the movement in futures prices, they are still trending downwards. Several factors are contributing to the bearish outlook, including a softening macro backdrop, weak refined product markets, and the potential for increased supply from non-OPEC countries. Blue5PL offers you a snapview report of this important index to determine your logistics costs. You can also access this information by clicking here: www.Blue5PL.com/fuel Blue5PL, enabling creative ways of moving freight. #Blue5PL #fuel #diesel #dieselprice #supplychain #trucking #cargo #collaboration #STL #savings #coloading #freight #freightforwarder #netzerocarbon #vamoscontodo

After a four-week upward trend, the diesel price has dropped for the second consecutive week. This time it lost 4.7 cents to $3.779 a gallon. This follows a decrease in futures market prices. While various factors, including potential changes in U.S. oil production and global demand, are influencing overall oil prices, the broader trend for diesel is downward. However, there's a potential wrinkle in the Midwest. A refinery outage in Illinois has caused a spike in wholesale diesel prices in Chicago, though this hasn't yet impacted retail prices significantly. The situation bears watching, as it could lead to higher diesel costs in the region compared to the rest of the country. Interestingly, the impact on gasoline prices has been more pronounced than on diesel. Blue5PL offers you a snapview report of this important index to determine your logistics costs. You can also access this information by clicking here: www.Blue5PL.com/fuel Blue5PL, enabling creative ways of moving freight. #Blue5PL #fuel #diesel #dieselprice #supplychain #trucking #cargo #collaboration #STL #savings #coloading #freight #freightforwarder #netzerocarbon #vamoscontodo

The diesel price fell for the eighth consecutive week, dropping by 3.2 cents to $3.726 per gallon. The main fuel in the logistics industry is undergoing a notable decrease, influenced by a decline in the futures market. The recent fall in futures prices is linked to the surprising result of an OPEC+ meeting. The group opted to ease production cuts, which is anticipated to boost supply and continue driving prices downward. Nevertheless, it remains uncertain how rapidly retail prices will align with the decreasing futures market. Blue5PL offers you a snapview report of this important index to determine your logistics costs. You can also access this information by clicking here: www.Blue5PL.com/fuel Blue5PL, enabling creative ways of moving freight. #Blue5PL #fuel #diesel #dieselprice #supplychain #trucking #cargo #collaboration #STL #savings #coloading #freight #freightforwarder #netzerocarbon #vamoscontodo

This week, the price of diesel dropped by 5.9 cents to $3.789 per gallon, reaching its lowest point since July 2023. The retail price has decreased by 23 cents per gallon in the last six weeks. A decline in futures prices and weakness in the physical diesel market, among other factors, are driving the prices down. While crude oil prices haven't changed much recently, global diesel supplies are plentiful. Increased exports from the Middle East and China are putting downward pressure on prices, and even a slight shift in the market structure isn't leading to a significant stock build-up. This suggests that diesel prices are likely to stay low in the near future. Blue5PL offers you a snapview report of this important index to determine your logistics costs. You can also access this information by clicking here: www.Blue5PL.com/fuel Blue5PL, enabling creative ways of moving freight. #Blue5PL #fuel #diesel #dieselprice #supplychain #trucking #cargo #collaboration #STL #savings #coloading #freight #freightforwarder #netzerocarbon #vamoscontodo

This week, the diesel price jumped 6.5 cents to $4.061 a gallon, the biggest one-week increase since February. This rise comes despite a slight decline in oil prices on Monday. Retail diesel prices are expected to increase soon, reflecting a bullish trend in the overall oil market. The sentiment in the oil market is driven by factors like potential conflicts in the Middle East and supply disruptions from Mexico and Ukraine. While diesel hasn't kept pace with crude oil price increases so far, experts predict tighter oil markets in the coming months, suggesting a rise in retail diesel prices is likely. Blue5PL offers you a snapview report of this important index to determine your logistics costs. Blue5PL, enabling creative ways of moving freight. www.Blue5PL.com/fuel #Blue5PL #fuel #diesel #dieselprice #supplychain #trucking #cargo #collaboration #STL #savings #coloading #freight #freightforwarder #netzerocarbon #vamoscontodo

Diesel price jumps to $3.735! After nine weeks of declining prices, the EIA has reported a 0.077 cents per gallon increase, which is still 0.080 cents lower than last year. It is uncertain whether this is just a small bump in the road of declining prices or the start of a new trend. However, shippers are still benefiting from lower rates, making it a favorable time to renegotiate rates. If you'd like to see what a managed transportation team could do for you, let's talk. il2000.com/contact-us #dieselprice #shipping #logistics #TL #LTL #managedtransportation

The benchmark diesel price fell for a third consecutive week, declining by 1.1 cents to $3.768 per gallon, according to the DOE/EIA. After a brief period of increases, the price is now 9.7 cents below its July 8 peak. Market dynamics, including ample inventories and modest consumption, have weakened prices, with ULSD settling at $2.375 per gallon—its lowest since June 7. Traders remain cautious as inventories stay near seasonal averages, diminishing bullish sentiment. Notably, Russia's potential diesel export ban could impact future supply dynamics. TLC is closely monitoring these market trends to adjust our fuel surcharge strategies and optimize logistics costs. For detailed insights and tailored solutions, contact us today! #freight #logistics #fuelsurcharge

Latest update from FreightWaves: The Department of Energy/Energy Information Administration reports a significant drop in the average weekly retail diesel price, down 5.3 cents a gallon to $3.894. This marks the fourth consecutive weekly decline, representing the most significant drop since Dec. 18 (and lowest recorded since Jan 29)! Hoping we'll see a positive impact from this for the #logistics industry!

Transportation and supply chain managers: if your fuel surcharges aren’t dropping, it’s time to talk to your parcel and freight carriers. Diesel fuel prices have dropped to their lowest levels in 3 years. https://lnkd.in/er-gMX28 #transportation #supplychain #freight #fuel #diesel #parcel

🦊📰 FOX LOGISTICS NEWS: Benchmark diesel price near lows last seen in July (SOURCE: Freightwaves 5/20/24) #Logistics #logisticscompany #logisticsservices #logisticsmanagment #transportation #freighttransportation #transportationlogistics #LTL #3PL #freight #supplychain #SupplyChainManagement #trucking #truckingindustry