Trucking activity in the United States rose 0.3% in March after surging 2.9% in February, according to the American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index.  “While March wasn’t particularly strong sequentially, it was the largest year-over-year increase since October 2022,” said ATA Chief Economist Bob Costello. “The first quarter of 2026 was also the best performance since the third quarter of 2017 when considering both sequential and year-over-year results.”

India’s imports of African crude oil in October plunged to their lowest in over four years, with the world’s No.3 oil consumer increasingly turning to cheaper supplies from the United States and heavier Middle Eastern grades, ship tracking data showed. U.S. crude production has soared more than 14 percent since mid-2016 to 9.65 million barrels per day (bpd), altering trade routes as its relatively cheap and light grades become a viable import option for Asian refiners. “Earlier in Asia, West African oil was competing with Middle East grades, but now it has a new competitor: the U.S.,” said Ehsan Ul-Haq, director of crude oil and refined products at consultancy Resource Economist. Click Read More below for additional information.

National Average Price for Regular – Current: $2.904; Month Ago: $2.879; Year Ago: $2.318. National Average Price for Diesel – Current: $3.191; Month Ago: $3.140; Year Ago: $2.485.