Crude slips 1.1% as diesel holds a record and enforcement ramps on I-80
The pump is still at a national-record $5.967 a gallon, and inspection blitzes in Indiana and Nebraska are a reminder to run clean.
Brent crude eased 1.1% to $107.61 a barrel this week, according to Transport Topics -- the first step back after a run driven by the closure of Saudi Arabia's East-West pipeline. It has not reached the pump. The national average diesel price is $5.967 a gallon in the latest weekly EIA survey, a record, up 6.6% on the week and 58% on the year.
That pump figure is a retail average including taxes; fleets buying on contract at truck stops pay less, so read it as direction, not as what you will pay. The direction finally has a bright spot at the top of the barrel -- though retail diesel lags crude by weeks, and one week of oil is not a pump price.
Two enforcement stories are worth a driver's attention. Indiana State Police ran a work-zone commercial-vehicle operation on Interstate 70 that issued more than 50 violations and made 16 arrests, The Trucker reports. And Nebraska troopers pulled what they call the largest drug seizure by volume in state-patrol history -- $50 million worth -- out of a semi on Interstate 80 during a commercial inspection, per FreightWaves. Neither is a worry if your logs and load are clean; both are a reason to slow down in the cones and keep the cab inspection-ready.
On rates, the picture stayed firm outside flatbed. The producer price index for dry van truckload rose 1.9% in August to 207.6, and less-than-truckload jumped 4.5% to 306.8; specialized and flatbed freight slipped 0.8% to 166.2. These are indices, not dollars per mile -- they track change from a 2003 base and blend contract with spot business, so they turn later and more gently than a spot rate would. Software executive Tom McLeod told Transport Topics the rebound is real, driven by excess capacity leaving the market after a four-year rate recession, and urged carriers to hold rate discipline as freight rebalances.
Reefer produce held its ground at $4.11 a mile nationally, down a fractional 0.3% on the week but still 8.2% above a year ago. That average masks big lane swings -- Delmarva short-hauls were again the week's top payers. If you're choosing where to point the truck, the box side is firm, flatbed is the soft spot, and the reefer premium is still there for anyone set up to run cold.
Elsewhere
- Oil prices steady as Saudi pipeline closure pressures supply Transport Topics
- CMV operation in Indiana issues more than 53 CMV violations, makes 16 arrests The Trucker
- Nebraska troopers seize record $50M drug load from semi on Interstate 80 FreightWaves
- McLeod urges rate discipline as freight market rebalances Transport Topics
Data behind this story
- Agricultural Transportation Open Data USDA Agricultural Marketing Service · Public domain (U.S. Government work)
- Producer Price Index U.S. Bureau of Labor Statistics · Public domain (U.S. Government work)
- Weekly Retail On-Highway Diesel Prices U.S. Energy Information Administration · Public domain (U.S. Government work)
Imports and peak season keep freight demand firm as diesel hits a record
Carriers say the rate rebound is real as an oil spike lifts diesel again
CDL schools shut in 20 states as most freight rates firm and diesel climbs
Appreciation Week perks arrive as diesel sets another record
Diesel jumps 6.6% in a week, and the cheapest region is $2.16 under California
Where this sector stands today, with the full series and its history.