- CBM Pro Logistics
- November 29, 2023
Why are fuel prices so high?
The reasons for the high fuel prices in the United States are multifaceted. One of the primary reasons is the low supply and high demand for oil . The price of crude oil determines fuel prices, and it has increased due to the war between Russia and Ukraine. Russia is the third-largest petroleum producer worldwide, and its invasion of Ukraine disrupted global oil markets .
Another reason is that refiners are shifting more of their production to diesel and jet fuel. This shift is due to economic reasons, as diesel and jet fuel prices are up far more than gasoline prices .
Additionally, extreme heat across the nation prevents refineries from running at full capacity. AAA estimates that extreme heat shut down 500,000 barrels per day of refining capacity this summer .
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Why is freight management so difficult?
Freight management can be a complex process, particularly for companies with a large number of locations or a wide range of products and services. Some of…
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Top ways to make the industry better.
The trucking industry can improve in several ways: Investing in technology: By adopting advanced technologies such as autonomous vehicles, real-time tracking systems, and route optimization software, trucking companies…
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Why are fuel prices so high?
The reasons for the high fuel prices in the United States are multifaceted. One of the primary reasons is the low supply and high demand for oil .…