Brent crude oil plunged below $100 per barrel on April 7 after the United States and Iran agreed to a temporary ceasefire, according to CNBC. Diesel remains at $5.62 per gallon nationally — up nearly 50 percent since the conflict began disrupting transit through the Strait of Hormuz in late February — and analysts project crude will stay near $100 through the end of summer.
Operator takeaway
A ceasefire dropped crude but did not drop diesel — your fuel costs are not coming down this quarter, and any service agreement that does not include a written fuel surcharge clause is losing money on every call.