The diesel future markets show signs of strength; however, prices have been on the decline over the last eight weeks with $5 per gallon diesel. According to FleetOwner, the average national diesel price on September 12th was $5.01 which is down two cents from the day prior and five cents from the average a week […]
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Treasury Secretary Janet Yellen stated in a recent interview believes that the European Union could soon be affected by the embargo on Russian oil imports, which could cause gasoline prices to rise once again during this winter. With Russia still at war with Ukraine, one of their main funding sources for what they call their […]
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The Federal Motor Carrier Safety Administration (FMCSA) announced plans to extend the hours-of-service emergency declaration, first enacted in March of 2020 until October 15th of 2022. Previously, the FMCSA set a three month extension with the tentative end date of August 31st. The most recent extension, being roughly six weeks in length, could signify the […]
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Electric vehicles are a growing commodity in the U.S. People have many misconceptions about electric cars and how they impact climate change. Conventional gas- and diesel-powered cars have been a target in 2022 in states like California so let’s investigate some of the myths and misconceptions of traditional and Electric Vehicles (EV). California was in […]
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National Truck Driver Appreciation Week is an important time for Americans to honor all professional truck drivers for their hard work and effort to keep our economy moving. In the U.S. there are 3.6 million men and women that help make sure products get to the right destination in a timely and safe manner. To […]
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Over the past week, WTI crude oil has traded in a range of $11/barrel, Heating Oil $0.59/gallon, and European natural gas €118/MWh. This is extreme energy volatility, even from what we’ve seen earlier this year, as traders begin to position themselves ahead of the OPEC+ decision, the perceived weakness in Chinese oil demand, and less […]
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The largest refinery in the Midwest should resume normal operations within the next few days after being disrupted by a fire last week, which threatened its 430,0000 barrel-per-day operations. British Petroleum’s (BP) facility in Whiting, Indiana had an electrical fire in the powerhouse portion of their complex and caused a loss of cooling water. With […]
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Mass transit is one of the most obvious sectors in which wholesale fuel contractors come in handy. It’s no small job to fuel up an entire fleet of buses or other methods of public transportation, providing a reliable way for an entire city to get around. Guttman Energy had the privilege of working with a […]
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Negotiations between the European Union, United States, and Iran are coming down to the wire to place Iran back in the Nuclear Deal which would dramatically boost its oil production and potentially lower prices affecting the entire oil market. The Biden Administration, on behalf of the European Union, completed its final review of the proposal […]
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In a post COVID-19 United States, many industries are still left licking their wounds dealt by the nationwide shutdowns and lockouts enacted to limit the spread of the Coronavirus in 2020. Chief among those industries impacted is the trucking industry. Many trucking companies across the United States are still experiencing difficulties in their acquisition and […]
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