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After hitting a record high last month, diesel prices have been on the decline. Also: Rhode Island will soon begin updating exit numbers on I-95 to be mileage-based rather than sequential; CDL school owner indicted for bribery.
After hitting a record high last month, diesel prices have been on the decline. Also: Rhode Island will soon begin updating exit numbers on I-95 to be mileage-based rather than sequential; CDL school owner indicted for bribery.
Extreme fuel prices are not new news at this point, but this article will cover why diesel costs are still elevated and continuing to rise, followed by a full truckload shipping industry update. In mid-March, Washington gave companies 45 days to wind down existing contracts with Russian energy suppliers. Though the US is the world’s biggest oil producer, it still imports millions of barrels each day from other parts of the world, including 7.9% from Russia. On average, the US produces between 11,000,000 and 18,000,000 barrels a day. Russia produces the second most barrels a day at ...
The national average per gallon of diesel jumped by 16 cents this week. That average is now $2.429 higher than last year, according to EIA.
FMCSA says Texas fleet's OOS rates were 2-5 times higher than average. Also: Fuel prices jump another 11 cents; 17,000 Kenworth, Peterbilt trucks recalled; Top 250 carrier adds 60 electric Volvos to fleet.