Originally published at: Strait of Hormuz concerns: diesel benchmark sets a record gain - FreightWaves
The price used to set diesel surcharges gained more in a week than it ever has in its 30+ year history.
What’s going on in Iran has nothing to do with us. We have our own oil and refineries and now we have oil from Venezuela. This is God level gauging from truck stops and oil companies.
So a correction or de-hype for next days would be contemplated? Carriers are exploding on rates.