Diesel Prices Hold Amid Tariff Drama

Diesel prices made a barely noticeable move this week, rising just 0.1 cents to $3.66 per gallon, while the futures market was anything but calm. The prospect of a 10% tariff on Canadian crude sent ultra-low sulfur diesel (ULSD) futures soaring more than 6 cents before settling at $2.4631 per gallon—a 2.7% jump. Gasoline futures followed suit, but crude oil, which would be expected to react more sharply, saw only a mild increase before giving up much of its early gains. This came after Canada and Mexico struck a last-minute deal to delay tariffs for 30 days, giving the market some breathing room.

OPEC+ also stuck to its plan of limiting oil supply, keeping cuts of 2.2 million barrels per day in place for now. With Canadian crude making up about 40% of U.S. imports, any new tariffs could disrupt fuel pricing significantly. TLC is staying ahead of these market swings to ensure freight costs remain predictable—reach out to us for expert guidance on fuel-efficient shipping strategies.

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