Brent Crude Nears $100/Barrel — Iran Shuts Hormuz, California Trucks Crude 50 Miles

Brent crude near $100/barrel after one of the most volatile weeks in oil markets. Iran pledged to keep Strait of Hormuz shut. In California, crude is being trucked 50 miles after refinery closures.

Oil is going crazy — and this will affect you directly ⛽💰

Brent Crude Near $100

Brent crude (the global oil price indicator) closed this week near $100 per barrel — the highest level since December 2022.

This comes after one of the most volatile weeks in oil markets in decades.

Iran Shuts the Strait of Hormuz

The crisis intensified when Iran pledged to keep the Strait of Hormuz closed — the world's most critical transit point for oil.

The Numbers Are Alarming:

• 20% of the world's oil passes through the Strait of Hormuz
• Traffic fell to 10% of normal (Goldman Sachs)
• 17 million barrels per day stopped leaving the Persian Gulf last week
• Iraq and Kuwait shut down production because their storage tanks filled up

California: Trucking Crude 50 Miles

Meanwhile, something unusual is happening in California: oil companies are trucking crude 50 miles after several refineries shut down operations.

Why?

• Several California refineries closed in recent months due to environmental regulations and operating costs
• Extraction wells keep producing, but there's nowhere to refine
• Temporary solution: truck the crude to refineries still operating

Impact for Truckers

This is creating a new source of freight for California haulers, but with challenges:

• Crude is hazardous material (HazMat) — requires special certification
• Competitive pay but short routes (50 miles average)
• Requires specialized tanks — not any truck can do it

What Does This Mean for Diesel Prices?

As we already reported this week, diesel in the United States jumped 96 cents in a single week — the largest increase in the history of the DOE/EIA index.

With Brent crude near $100, we're likely to see:

• More diesel increases in the coming weeks
• Higher fuel surcharges — review your contracts
• Margin pressure for owner-operators with fixed contracts

🌿 The Solution You Need: Go Green APU

With diesel at these prices, every gallon counts.

An idling truck burns 0.8 to 1.5 gallons per hour. If you sleep 8 hours with the engine running, you're burning 6 to 12 gallons per night — that's $30 to $58 at current prices.

A Go Green APU lets you keep the A/C, heat, and all your electrical systems running without idling your engine — using a fraction of the fuel.

At The Truck Savers™ we're authorized dealers and installers of Go Green APU:

• We install it in 1-2 days
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Source: Bloomberg, Goldman Sachs, Los Angeles Times