Chris Klumb, MS, CLTD’s Post

For the first time since early April, the benchmark price for diesel in the U.S. has increased, up 7.7 cents per gallon to $3.735. This is after nine consecutive weeks of declining prices. Despite high inventory levels, analysts say it’s due to a rise in asset values, strong jobs in data, and speculative buying. It’s expected that inventories will continue to grow, indicating a potential surplus. #thefreightarchitects #jaguarfreight #logistics

For the first time since early April, the benchmark price for diesel in the U.S. has increased, up 7.7 cents per gallon to $3.735. This is after nine consecutive weeks of declining prices. Despite high inventory levels, analysts say it’s due to a rise in asset values, strong jobs in data, and speculative buying. It’s expected that inventories will continue to grow, indicating a potential surplus. #thefreightarchitects #jaguarfreight #logistics

For the first time since early April, the benchmark price for diesel in the U.S. has increased, up 7.7 cents per gallon to $3.735. This is after nine consecutive weeks of declining prices. Despite high inventory levels, analysts say it’s due to a rise in asset values, strong jobs in data, and speculative buying. It’s expected that inventories will continue to grow, indicating a potential surplus. #thefreightarchitects #jaguarfreight #logistics

For the first time since early April, the benchmark price for diesel in the U.S. has increased, up 7.7 cents per gallon to $3.735. This is after nine consecutive weeks of declining prices. Despite high inventory levels, analysts say it’s due to a rise in asset values, strong jobs in data, and speculative buying. It’s expected that inventories will continue to grow, indicating a potential surplus. #thefreightarchitects #jaguarfreight #logistics

For the first time since early April, the benchmark price for diesel in the U.S. has increased, up 7.7 cents per gallon to $3.735. This is after nine consecutive weeks of declining prices. Despite high inventory levels, analysts say it’s due to a rise in asset values, strong jobs in data, and speculative buying. It’s expected that inventories will continue to grow, indicating a potential surplus. #thefreightarchitects #jaguarfreight #logistics

For the first time since early April, the benchmark price for diesel in the U.S. has increased, up 7.7 cents per gallon to $3.735. This is after nine consecutive weeks of declining prices. Despite high inventory levels, analysts say it’s due to a rise in asset values, strong jobs in data, and speculative buying. It’s expected that inventories will continue to grow, indicating a potential surplus. #thefreightarchitects #jaguarfreight #logistics

📉 Diesel Prices on the Decline for the Third Consecutive Week 📉 According to FreightWaves, after four weeks of increases, the benchmark diesel price has fallen for the third week in a row, dropping 1.1 cents to $3.768 per gallon. This decrease follows a peak of $3.865 on July 8. The recent dip is attributed to the sliding oil market and ample inventories, with the price of ultra-low sulfur diesel (ULSD) on the CME commodity exchange settling at $2.375 per gallon — the lowest since June 7. As the peak summer consumption season passes its midpoint, traders remain cautious due to modest inventory depletion and stable crude oil and refined fuel stocks. #Logistics #LogisticsNews #SupplyChain #Transportation

📉 According to FreightWaves, diesel prices dropped 2.6 cents to $3.625 a gallon, due to Tuesday's report. While retail prices lag, petroleum prices in commodity markets are falling rapidly, hitting lows not seen in months or years. Stay updated on the industry trends to optimize your logistics! 🚚💼 #LogisticsNews #SupplyChain #Transportation #3pl

"While prices at the pump may have risen nationally last week, as of July 1, weekly U.S. average gasoline prices actually declined $0.19 per gallon since the 2024 high on April 22, falling to $3.48/gallon on July 1, $0.05 per gallon less than the price a year ago. Increasing gasoline inventories, relatively weak demand, and oil prices below recent peaks contributed to falling gasoline prices." Check out our Weekly Update, now live on our blog: https://lnkd.in/g3HKR_Ni #weeklyupdate #stockmarket #investing #thetrustcompanyofkansas

🌍 September Diesel Price Trends 🚚 Average wholesale diesel prices saw a notable decline in September, averaging 298.7¢/gal—down 14.4¢ from August. This drop can be attributed to unclear economic signals and various international developments. In mid-September, the Fed cut interest rates by half a point to stabilize prices and boost employment. While inflation eased, the labor market showed signs of weakening. More rate cuts are expected as the Fed seeks to support growth amid slowing global and U.S. growth forecasts. Key highlights: Diesel Prices: 43 out of 48 contiguous states experienced price drops, especially in the Midwest, where states like Michigan and Ohio saw reductions over 22.00¢. Refinery Utilization: The Midwest (PADD 2) operating near 95% capacity contributed to increased supply. EPA Waiver: An emergency waiver for four Midwest states allowed the distribution of higher Reid vapor pressure fuel to address shortages caused by tornadoes affecting ExxonMobil's Joliet refinery. Meanwhile, WTI crude oil prices hit their lowest since August 2021, averaging just over $69 per barrel—a near 8% decline driven by a slowdown in global demand, particularly in China. As the global supply outlook shifts with OPEC+ planning to gradually raise production in December, market sentiment remains bearish, despite temporary disruptions from Hurricane Helene. On the geopolitical front, tensions have escalated significantly following recent military actions in the Middle East. #DieselPrices #EnergyTrends #EconomicUpdates #WTICrude #RefineryUtilization #MarketAnalysis #OPEC #GlobalEconomy #SupplyChain #EconNews #EnergyMarket #FedRates #Geopolitics #Breakthrough