Benchmark Diesel Prices Experience Minimal Increase Amid Tariff Uncertainty
Despite significant fluctuations in the oil market due to potential tariffs on Canadian and Mexican oil imports, the weekly benchmark diesel price only saw a minimal increase of one-tenth of a cent to $3.66 a gallon. This modest change contrasts with the more substantial price shifts in crude oil and other refined products, like ultra-low sulfur diesel. These movements reflect the turbulence in the futures market, where trade tensions, particularly surrounding tariffs, are driving wild fluctuations.
Despite significant fluctuations in the oil market due to potential tariffs on Canadian and Mexican oil imports, the weekly benchmark diesel price only saw a minimal increase of one-tenth of a cent to $3.66 a gallon.
This contrast highlights the resilience of diesel prices amidst market volatility, which saw crude oil and other refined products like ultra-low sulfur diesel experiencing more substantial price changes.
By leveraging PRIMO’s robust network and pricing intelligence, shippers can mitigate the risks associated with volatile fuel surcharges, ensuring more predictable transportation costs despite market instability.