People traveling this Memorial Day weekend should expect to pay more at the pump as prices are expected to be at an all-time high. Americans will be paying on average $1.50 more per gallon of gas this year in comparison to last year. According to AAA, the national average is $4.59 a gallon. The average […]
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Last week, Saudi Aramco surpassed Apple as the world’s most valuable company in the world. Aramco’s market valuation was just under $2.43 trillion when they surpassed Apple, which dropped 5% during trading last week and now has an evaluation of $2.37 trillion. Apple topped Aramco for title of world’s most valuable publicly traded company in […]
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There is an endless supply of breaking news events that are impacting the oil market daily. China, India, OPEC, inflation, South America, and of course, the Russia/Ukraine war are all big item headlines that have gotten us to a market where both WTI and Brent have climbed above $114/BBL. Let’s explore some of these headlines […]
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Last week, the U.S. Senate Judiciary Committee voted 17-4 to pass the No Oil Producing or Exporting Cartels (NOPEC) bill, which if passed in Congress and signed by the President would allow the U.S. Attorney General to sue OPEC and/or its members for antitrust collusion. The bill is designed to protect U.S. consumers from volatile […]
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The Energy Information Administration (EIA) just released that the U.S. national average diesel price at the pump is $5.623/gallon. Is there any relief in sight? Let’s digest some data and assess. The Department of Energy’s (DOE) petroleum report revealed last week that U.S. distillate inventories are at their lowest level in 30 years; 104.9 million […]
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How it all started The Federal Reserve just delivered the largest interest-rate increase in over 20 years. This increase, the most aggressive action to take place is an effort to try and slow the growing inflation. Back in 2020, the start of the pandemic pushed the Fed to lower rates to basically zero, making it […]
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When it comes to managing your fleet, keeping track of your fuel levels is one of the most important aspects of your day. If you’re unsure of how much fuel you have on hand, you could experience unprecedented delays or additional costs on top of what you had budgeted for. While fuel management systems from […]
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In today’s world, having a newer fleet of trucks means using Diesel Exhaust Fluid (DEF). DEF is a mixture of high purity synthetic urea and deionized water that is injected into a trucks active Selective Catalytic Reduction system (SCR). As exhaust gases exit the engine, they enter the SCR where DEF is injected onto a […]
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The oil and gas industry is one of the most important verticals in our everyday lives. Without oil and gas, nearly all individuals and businesses would be impacted. That’s why it’s vital that we support the oil and gas industry in their own unique fuel needs. Recently, Guttman Energy’s fueling solutions worked with an oilfield […]
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A quick look at any truck stop’s signage this year will reveal some eye-popping numbers; U.S. Energy Information Administration (EIA) figures for March 2022 peg the average cost of gasoline at $4.22/gallon. Diesel fuel comes in almost a full dollar higher at $5.11/gallon. Price pressure has abated since then, but only slightly. According to the […]
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