Fuel Flash – July 2023
July 5, 2023
OPEC met early in June and decided to keep current supply cuts in place. However, Saudi Arabia volunteered to reduce
Oil prices began February at $73/barrel. After an initial announcement of tariffs on imports from Canada and Mexico, t…
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Winter is here, and with plummeting temperatures comes a critical challenge fo…
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Oil prices began 2025 ascending towards $80/barrel. The main contributors bein…
Read moreOPEC met early in June and decided to keep current supply cuts in place. However, Saudi Arabia volunteered to reduce
In early May, oil prices fell from the mid-$70s/barrel, even dipping below $70 for a few days. Demand fears continue
Oil prices continued their rise back above $80/barrel in the first half of April after OPEC+ announced additional supply cuts.
Early in March, oil prices continued their upward trend from the end of February, briefly topping $80/barrel. The main factor
Oil spent all but one day below $80/barrel in February. Oil prices continued to fall into the mid-to-low $70s/barrel to
Oil finished 2022 briefly topping $80/barrel, then started 2023 just under that mark. Early in January, prices quickly fell toward
Oil spent most of December in the $70s per barrel even with OPEC’s decision to stick with their 2 million
Oil prices climbed back to the $90/barrel range briefly in November before quickly falling back to just above $80/barrel by
Oil finished 2022 briefly topping $80/barrel, then started 2023 just under that mark. Early in January, prices quickly fell toward
Oil spent most of December in the $70s per barrel even with OPEC’s decision to stick with their 2 million
Oil prices climbed back to the $90/barrel range briefly in November before quickly falling back to just above $80/barrel by
After bottoming out at about $76/barrel in September, oil prices turned upward in October. OPEC+ met and announced supply cuts
Oil prices continue to drop, falling below $80/barrel in September. As we close out the summer and move into fall,
Oil and fuel prices extended their downturn from July. Oil dropped below $87/barrel in August, which is the lowest we’ve
Oil and fuel prices continued their decline from June into July. Oil dropped below $100/barrel for the first time since
Oil prices extended their climb from the end of May into June until they hit a ceiling (for now) at
This article first appeared in the June 2022 issue of Heavy Duty Trucking magazine. Photo: Deborah Lockridge If you buy
Since the beginning of April and a brief dip here or there for a day, oil prices have remained above
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