Category: CDL Drivers

Diesel And Lumber Prices – April 16, 2019

  Tightening oil supplies across the globe have pushed prices of the commodity higher since the beginning of 2019. But while crude prices are still showing positive momentum, analysts are still worried about volatility in the market. As of Friday, West Texas Intermediate Crude ended trading fairly flat, up less than 0.5%. Meanwhile, RBC Capital …

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Diesel And Lumber Prices – March 27, 2019

Diesel Prices National Average Diesel Price Per Gallon: $3.080 Back in February the International Energy Agency warned that global oil supply was on track to outpace demand. However, analyst Helima Crof of RBC Capital Markets has a positive outlook on the future of oil prices. “The question is, what does Donald Trump do in May? Does he …

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Diesel And Lumber Prices – March 19, 2019

Diesel Prices National Average Diesel Price Per Gallon: $3.070 Oil markets are in a state of anticipation as traders analyze the latest comments from Saudi Arabia’s Energy Minister Khalid Al-Falih. Al-Falih said on Sunday, March 17 that OPEC and its non-OPEC allied producers will “stay the course” in terms of their plan to cut production in an …

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Diesel And Lumber Prices – March 12, 2019

Diesel Prices National Average Diesel Price Per Gallon: $3.079 U.S. sanctions against two OPEC members – Venezuela and Iran – have caused some ripples in the oil market. But overall, the sanctions’ effects have been muted. Increased oil production in the United States has offset sanctions against Iranian oil. Moreover, Venezuela’s oil operations had already …

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Diesel And Lumber Prices – March 5, 2019

Diesel Prices National Average Diesel Price Per Gallon: $3.076 Will electric vehicles negatively impact oil prices? Saudi Arabia’s Aramco – which is the world’s largest oil company – says no. The transport industry accounts for more than 50% of oil demand. And Morgan Stanley forecast that by 2025 there could be 36 million electric vehicles on …

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Diesel And Lumber Prices – February 26, 2019

Diesel Prices National Average Diesel Price Per Gallon: $3.05 After OPEC – along with Russia – announced cuts to oil supplies in December 2018, prices have been steadily edging upward. However, now the suppliers’ deal to cut production is in jeopardy. Saudi Arabia agreed to account for the bulk of OPEC’s cuts. But Russia (a …

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Diesel And Lumber Prices – February 20, 2019

Diesel Prices National Average Diesel Price Per Gallon: $3.01 Brent crude was trading at $62.90 a barrel Tuesday morning, up 0.8% West Texas Intermediate stood at $53.46, or 0.6% higher. Last month, President Trump’s administration imposed targeted crude oil sanctions on Venezuela. The move was meant to bar President Nicolas Maduro from accessing oil revenue. …

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Diesel And Lumber Prices – February 12, 2019

Diesel Prices National Average Diesel Price Per Gallon: $2.97 Brent crude was trading at $61.90 a barrel Tuesday morning, up 0.6% West Texas Intermediate stood at $52.68, or 0.5% higher. OPEC and its allied producers agreed last week to impose production cuts starting in January 2019 to prevent global oversupply. But according to analysts such …

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