Diesel rising again: New tools for MPG-investment ROI, IFTA tracking, reporting

Diesel prices may be going nowhere fast but up. The U.S. Energy Information Administration's update this week showed a reversal of weeks' worth of slight falls since the big September spike.

Why? Distillate inventories (including diesel and home heating oil) rose through September, but are back down closer to the low point in late August, when FTR Transportation Intelligence Trucking VP Avery Vise warned of a potential crisis at some point in the next six months.

This chart, based on EIA weekly tracking of inventory data, was part of American Trucking Associations Chief Ecoomist Bob Costello's presentation at the org's annual conference ongoing this week.

Inventory volumes impact pricing on the home front, for certain, likewise expectations fuel buyers and sellers bring to the world marketplace based on production and transit all around the world, today hampered by our own war in Iran, and Russia's in Ukraine.

This story was originally published by Overdrive. Read the full story at Overdrive →