EFS LLC Fuel Management
Manage your bottom line.
The difficulties of navigating today's diesel market are greater than ever. Fuel has replaced equipment and payroll as a trucking company’s largest expense. Geopolitical unrest, increasing demand, decreasing supplies, tighter emission regulations, natural disasters and a weakening economy have turned the buying of diesel fuel into a major challenge. Are you adequately prepared to meet that challenge?
Fuel Prices
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Newest Truck Stops:
| Name | Location | City | ST | Last Price |
|---|---|---|---|---|
| Pilot TC #8630 | US 385 | Crane | TX | $3.099 |
| Pilot TC #8604 | US 180 @ W Broadway | Hobbs | NM | $3.099 |
| Pilot TC #8658 | US 180 @ SR 18 | Hobbs | NM | $3.099 |
| Speedway #7163 | I-40, Exit 85 | Jackson | TN | $2.729 |
| Speedway #7158 | I-40, Exit 320 | Crossville | TN | $2.539 |
| Love's #594 | US 35 @ SR 850 | Bidwell | OH | $2.749 |
| Love's #600 | I-69, Exit 214 | Pendleton | IN | $2.649 |
| Becks #22 | I-55, Exit 126 | Lincoln | IL | $2.699 |
| Kwik Trip #209 | US 41, Exit 148 | Kaukauna | WI | $2.839 |
| Speedway #3766 | US 31, Exit 47 | Indianapolis | IN | $2.659 |
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Trucking News
As a carrier, you may be asking yourself, 'why am paying more per gallon for diesel when all indicators point to a declining petroleum market?'
The WTI benchmark closed at a three year low, and Brent crude has hit its lowest price since October 2010. OPEC appears powerless to control prices as supply is far outpacing demand.
Analysts point to refinery outages in the Midwest, both planned and unplanned, and a record corn harvest as drivers to the meteoric rise in diesel prices in the Midwest states. Some Midwest spot diesel markets were completely depleted by the harvest demand.
The effect of these increases meant cost exceeded price at many retail outlets starting around November 1st. Markets in Illinois saw increases as much as 30 cents, flipping many cost plus deals to a retail minus. Costs are slowly retreating to typical levels, but analysts caution that could take two weeks to normalize.
Relief, however, may not be in sight as the Arctic blast is expected to pressure prices as the demand for heating oil increases. Globally, crude is at its lowest level in years. Locally, refinery outages, harvest demand and Mother Nature have conspired to turn diesel prices upside down.
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