The European Union (EU) reached an agreement for an emergency regulation to cut their natural gas use by 15% from now until March 2023. As Europe prepares for a winter of uncertainty with continued supply disruption from Russia, the hope is to cut off all supply by next year. The EU plans to make the […]
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It has been over 4 months since Russia invaded Ukraine late February and crude oil prices are finally close to where they were pre-war, but where do we go from here? WTI crude oil prices are trading sharply lower today, down $7.86 at $96.23/barrel. Before Russia invaded Ukraine on February 24th, crude oil prices were […]
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At the start of today, oil prices rose after recent losses in the previous two sessions. Brent Crude rose $0.61 to $101.30 a barrel and WTI rose $0.65 to $99.18 a barrel. “With Russian oil prices set to drop as the year progresses and it runs out of Western parts to maintain fields, and with […]
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As a business owner with a fleet, you are tasked with finding the right fuel supplier to keep your vehicles on the road. It can be overwhelming to sort through dozens of gas suppliers to decide which one can best meet your needs, but the effort is more than worth it. Not long ago, Guttman […]
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Having an adequate supply of fuel is important to all of us on a daily basis, if for nothing more than to be able to run our daily errands and get to and from work. But for mass transit authorities, the ability to maintain a sufficient fuel supply is crucial. Recently, Guttman Energy was able […]
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No matter how big or small your fleet is, fuel is sure to be one of your main concerns. After all, without getting the right people at the right price, you simply can’t keep your business running. To help you keep track of all the numbers and stay on budget, you might consider investing in […]
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Fleet cards can be a great solution for companies in many industries, helping to keep track of fuel costs and ensure that their vehicles stay on the road when they are needed most. Waste management is a particularly large sector with the need for affordable and effective fleet card and fuel delivery services. One of […]
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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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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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