Diesel Prices Hit Record Highs at a Bad Time for Farmers
US farmers are facing record diesel prices above $6 a gallon, adding to their already high costs for fertilizer, seeds, and equipment. The price of diesel has risen about 60% since late February due to the US-Iran war, which has…
Strategist Sees ‘Extremely High’ Risk of $5 Gas by November
Jeff Currie, a veteran commodities strategist, believes that U.S. gasoline prices are highly likely to reach $5 a gallon before the November 3 midterm elections. He attributes the rising fuel prices to shortages spreading from refined products to crude oil,…
Food industry warns prices will go up for rest of year
The food industry is warning that prices will go up for the rest of the year due to inflation, tariffs, and higher input costs. Companies such as Conagra, Campbell's, and Clorox have announced or signaled price increases, with Campbell's planning…
Union Pacific-Norfolk Southern Rail Merger Faces Resistance
The proposed merger between Union Pacific and Norfolk Southern is drawing opposition from state officials, shippers, and labor unions as federal regulators review the deal. Union Pacific argues the merger would improve service and reduce highway congestion, while opponents warn…
Oil prices ease but remain above $100
Oil prices have eased, taking some pressure off inflation, after jumping earlier in the week to their highest levels since May due to the ongoing war with Iran. Brent crude fell 3% to $104.44 a barrel, helping to take some…
Inflation Rises in August as Gas Prices Surge
The US inflation rate accelerated in August, driven by a spike in gas prices following renewed fighting in the Middle East. According to the Labor Department, the consumer price index (CPI) rose 3.4% last month compared to the same period…
Diesel Prices Soar Past $6 a Gallon for the First Time
The national average diesel price in the US has reached a record $6.05 per gallon, up from $3.70 last year, due to the US-Iran war disrupting fuel flows and pushing crude oil above $100 a barrel. This increase is expected…
Trucking Companies Gear Up for National Truck Driver Appreciation Week
Trucking companies, travel centers, and industry groups are preparing to show their appreciation for professional drivers during National Truck Driver Appreciation Week (NTDAW), which runs from September 13-19. Werner Enterprises, Pilot Co., Love's Travel Stops & Country Stores, and Sheetz…
Mercedes-AMG CLE 646 Spezialanfertigung: A Purist High-Performance Coupé for Maximum Driving Dynamics
The Mercedes-AMG CLE 646 Spezialanfertigung is a high-performance coupé that embodies the essence of AMG. With a focus on driving dynamics, this limited-edition model boasts a 646 PS (475 kW) 4.0-liter V8 biturbo engine, rear-wheel drive, and a significantly reduced…
Trump’s Venezuela Oil Venture Aims for 150% Output Hike by 2028
North American Blue Energy Partners (NABEP), a company backed by the Trump administration, plans to increase Venezuelan crude oil output to 500,000 barrels per day by the end of 2028, a 150% hike from the current 200,000 barrels per day.…