National Average Price for Regular – Current: $2.863; Month Ago: $2.932; Year Ago: $2.280. National Average Price for Diesel – Current: $3.175; Month Ago: $3.188; Year Ago: $2.465.

FedEx’s rate jump is an annual fixture in the parcel delivery world, and the upcoming hike mirrors the 5.9% increase it implemented in 2024 and 2025. Rival UPS levies similar price bumps each year, although the carrier hasn’t announced a 2026 increase as of Friday. The January price increase from FedEx comes as shippers grapple with heightened delivery costs due to surcharges and reduced discounting activity. The TD Cowen/AFS Freight Index reported in July that per-package ground delivery rates reached a record high in Q2 and are expected to remain elevated. Although FedEx is hiking various surcharges, the bump for additional handling and oversized shipping fees is much lower than it was in 2025, parcel analyst and LPF Spend Management founder Nate Skiver said on LinkedIn. For example, a weight-based additional handling surcharge for a Zone 2 shipment increased by $9 to $43.50 in FedEx’s previous annual rate hike. That fee will increase by $2.50 to $46 in 2026.

U.S. crude production climbed in March to 10.47 million barrels per day (bpd), a monthly record, data from the Energy Information Administration showed last week. U.S. drillers added two oil rigs in the week to June 1, bringing the total to 861, the most since March 2015, energy services company Baker Hughes said on Friday. That was the eighth time drillers have added rigs in the past nine weeks. Click Read More below for additional information.