International Energy Association (IEA) reported booming U.S. output will offset falling exports from Iran and Venezuela.
The Midwest continues to see the effects from the recent month of March floods and is causing ethanol to be near its highest basis level since 2014. While prices go up and barrels are trapped in the country’s interior, it’s causing the U.S. coasts to suffer from a biofuel shortage.
It’s been almost eight days since the chemical fire, outside of Deer Park, Texas, began at a petrochemical storage facility near the Houston Ship Channel that connects to the Gulf of Mexico. The fire that broke out over a week ago at Mitsui & Co’s Intercontinental Terminal sites (ITC) has caused major damage to 11 tanks each holding up to 3 million gallons of fuel used to make gasoline and plastics. After emergency workers were able to get the fire extinguished, flames began to erupt again which halted all efforts to remove any volatile fuels that leaked after a containment wall breached.
The newly signed tax bill, Tax Cuts and Jobs Act, has gone into effect and has significantly limited itemized individual tax deductions that are available to trucking companies and their drivers.
Here are some quick tips to keep your equipment running smoothly:
- If possible, start equipment and let it run for a short period of time each day over the weekend.
- If you experience filter issues, cut the filter open and determine if it’s fuel waxing/gelling or water. To help determine the difference, leave the filter at room temperature. If the substance on the filter melts away, the filter plugging was caused by water.
- Make sure you are treating your fuel with winter additive, even if loads are received on warmer days. If you receive infrequent fuel deliveries, ask your sales representative about double treating and the benefits it can offer.
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