WTI Crude oil prices topped $93.50/barrel on Monday and now trading at $86.21/barrel at writing. Why the significant drop? Let’s look at the fundamentals and the technical for an explanation. From the fundamental perspective, China re-affirmed its stance this week on its zero-COVID policy strategy that when a few cases are confirmed, a lockdown of […]
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As 2022 comes to an end, many of the recessionary fears that have existed throughout the year have not gone away. Many experts theorize that these fears may come to realization in the new year. The memories of the recent freight recessions in 2008 and 2019 still haunt the thoughts of many freight professionals, as […]
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Following the onset of the COVID-19 pandemic in early 2020, global supplies have experienced volatility in a manner that has never been seen before. Significant bottlenecks at major ports, persistent imbalances in inventory levels, and record high shipping costs contributed to soaring inflation and overall negative economic conditions around the world. While supply chain disruptions […]
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This week the Biden Administration announced a plan to aid US households with $13.5B in energy bill relief. With costs expected to be 28% higher this winter, the administration is using funds from Dept. of Health and Human Services, the bi-partisan Infrastructure plan, and Emergency funding to subsidize the cost of energy to low- and […]
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Why all the heartburn? Are you struggling to get the fuel you need? Are your fuel deliveries late because you’re not under contract? Don’t let Low Fuel Inventory keep you up at night. Let’s describe why the fuel market is tight: U.S. refinery utilization has averaged 91.2% Refinery production is essentially maxed out domestically Distillate […]
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In 2022, many businesses have seen their fuel costs drastically increase with rising retail prices. Even with diesel prices starting to ease, fuel is still one of the single largest expenses for transportation companies, if not the biggest expense. How carriers and companies with large fleets purchase their fuel can make the difference between being […]
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Guttman Renewables is setting the record straight As the energy industry begins to embrace new environmentally friendly technologies and initiatives, there are many questions that are arising among energy companies and their customers. One common theme Guttman Renewables, a part of Guttman Energy, has seen is some confusion on just what it means to step […]
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Liquefied natural gas (LNG) has overtaken pipeline gas as the most abundant and valuable form of U.S. natural gas exports. LNG exports are on track to break volume and earnings records in 2022, but the stellar short-term gains for exporters may have long-term consequences for the entire U.S. energy sector due to the resulting higher […]
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Successfully managing a large commercial fleet requires a systematic approach from nearly every angle, including fuel costs and tracking. The transportation and delivery of goods must function smoothly and efficiently for maximum profits, optimal customer satisfaction, low turnover rates, and more. Fleets have a lot of moving parts, so implementing a fuel management program and […]
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Guttman Energy is proud to announce its upcoming attendance at the Accelerate! Conference and Expo presented by the Women in Trucking Association. Guttman Energy has more than 90 years of expertise in the trucking industry and is actively seeking ways to bring more diversity and talent to the workforce. The Accelerate! Conference and Expo is to be […]
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