OPEC+ announced a 2-million-barrel-a-day cut in oil production during a meeting on Wednesday, which could send fuel prices back up.
Diesel and crude oil prices are the highest recorded in years as consumption surges in the U.S.
Expected prices for trucking’s primary fuel as well as for gasoline have been revised higher, due largely to anticipated higher prices for crude oil, according to a new Energy Department report.
Lower than earlier forecast crude oil prices are expected to translate into continued low prices at the pumps for both diesel and gasoline, according to a new U.S. Energy Department report.
Recent increases in diesel and gasoline prices have translated once again into expectations that costs for both will move even higher the rest of this year and into 2017, according to the Energy Department’s latest Short-Term Energy Outlook.
Federal officials have raised their expectations for diesel and gasoline prices this year and are predicting even larger hikes coming for 2017, according to a new report from the U.S. Department of Energy.
Research and Markets has released its latest report, “UAE Commercial Vehicles Market Forecast and Opportunities, 2021."
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