Retail diesel prices hit a fresh record high of $5.557 per gallon on Thursday, according to the American Automobile Association (AAA). The cost of a gallon of diesel has been up 1.5 percent over the last week. Retail diesel prices are also 10.5 percent higher than a month ago. Several states are seeing diesel prices…
Europe’s Russian Diesel Imports Drop, but Still Dominant
LONDON—European diesel imports from Russia are set to fall in April but will still exceed those from other regions, highlighting the challenge European governments face as they contemplate new sanctions on Russian oil. Diesel deliveries from Asia, the Middle East, and the United States are set to hit their highest in almost three years in…
Diesel, Fertilizer Shortages Endanger Food Supplies
April 6, 2022
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Commentary In the 18th century, the average French working man spent about 50 percent of his wages on bread. By 1789, that percentage had increased to as much as 60 to 80 percent and the French Revolution ensued. King Louis XVI and Marie Anoinette met the guillotine. In 1930, a little-known Indian attorney named Mohandas…
Traders Warn of Russia-Related Diesel and Gas Shortages
March 24, 2022
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LAUSANNE—Energy and commodity markets are in shock after Russia’s invasion of Ukraine, the world’s top trading firms said on Tuesday, warning of gas and diesel shortages in Europe and economic recession if Russian flows fall further. Prices across gas, oil, metals, and agricultural markets have soared since the invasion and become so volatile that companies…
1,000 Gallons of Diesel Stolen From Texas Gas Station: Owners
Authorities in Houston, Texas, are investigating after thieves allegedly stole some 1,000 gallons of diesel from an area gas station, according to the station owner. Jerry Thayil, whose father owns the Fuqua Express gas station, told CNN this week that thieves stole from the station for three days, getting away with between $5,000 and $6,000 of…
Brazil Government Appoints Rodolfo Landim to Chair Petrobras Board
HOUSTON—Brazil’s government has appointed former Petrobras executive Rodolfo Landim to chair the state-controlled oil producer’s board, the company said in a filing on Saturday night. Earlier in the day, Admiral Eduardo Bacellar Leal Ferreira told Reuters he planned to step down as chairman of Petroleo Brasileiro SA, as the Rio de Janeiro firm is formally…
Volkswagen Agrees to $3.5 Million Diesel Emissions Settlement With Ohio
January 21, 2022
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WASHINGTON—Volkswagen AG agreed to a $3.5 million settlement with Ohio over claims the German automaker violated state laws by manipulating vehicle computer software in its vehicles to mask carbon dioxide emissions, the state attorney general said. In November, the U.S. Supreme Court rejected Volkswagen’s bid to avoid lawsuits filed by officials in three states including…
Pipeline Spills 300,000 Gallons of Diesel Near New Orleans
NEW ORLEANS—A severely corroded pipeline ruptured and spilled more than 300,000 gallons (1 million liters) of diesel fuel just outside New Orleans, according to federal records. The spill from the 16-inch (40-centimeter) diameter line operated by Collins Pipeline Co. was discovered on Dec. 27 near a levee in St. Bernard Parish, just east of New…
Fears Grow Imminent Urea Shortage May Leave Australia’s Diesel Fleet Stranded
A large portion of Australia’s fleet of trucks responsible for transporting food, fuel, and other resources may be left unable to operate as a shortfall of urea—a legally-required component in many modern diesel engines—grips international supplies. This comes as the world’s biggest producer of urea, China, banned the export of the resource to prioritise domestic…
British Drivers Warned Fuel Prices Could Reach Record Levels
Drivers are being warned that fuel prices could reach record levels even if the current crisis ends. The RAC said average prices may hit 143p per litre ($7.30 per gallon) for petrol and 145p per litre ($7.40 per gallon) for diesel in the next few weeks. That is up from the current level of 135p…
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