Rates are crashing and fuel to the moon!

Oil imports and exports - U.S. Energy Information Administration (EIA)
This is the latest info on Import and Export on Oil.

 

Yup. But doesn't address the reason why. We preduce as much as we use. But can't refine most of what we produce. Plus places like Russia sell super cheap to create dependency. Hence the reason for what is going on.

If we can retool our refineries. We could keep from exporting so much crude.

 

Right, cheaper to import heavy sour crude, and export our light sweet crude. Refineries are set up for it. Ironically our light sweet oil is easier to refine, all around better oil. Still Refineries need modifications, and without Incentives from the Government it will never happen.

 

Sadly this current administration would probably never approve to give incentives to anything gas/oil related because it doesn’t fit the current agenda of forcing us all to fit into the electric car box. I mean half the current voting population doesn’t even know where fuel comes from or most of the the milk in the store comes from a dairy instead of an almond or soybean.

In my opinion we are completely F’ed

 

Agree on a lot of this but one of the reasons they let us export in the last decade was to lower the cost of oil across the world. OPEC had complete control of the cost before we became the largest world producer of oil. Now WTI (West Texas Crude Oil) VS Brent is very close to the same cost now. This is a good article explaining the difference on the oil. Brent Crude vs. West Texas Intermediate: The Differences

 

This is the new world order, not a green policy. The Masters don't care about it.

Today, Sunday, between Memphis and Little Rock, I 40 was clogged with commercial trucks.
The Masters are giving CDL to anyone who wants it. So now, there's a driver overage.

 

Perhaps you misunderstood me or maybe I misspoke. In any case, I said that in the year of 2020, the rates improved by July 2020 - from a dismal low level during lockdowns and continued to improve until reached their record high in 2021 and continued to be at a decent level until end of March 2022. The first 2 weeks of March were excellent for me, then I went on vacation. After returning, I started to see the slide. That's April 2022. Look at the very few first pages, people were protesting about the title.

I remember you from another thread. You had issues with rates at some point in 2021 switching from van to flat or flatbed to van....so maybe that's a different market where you are at... Omaha, NE right? In the Midwest, Chicago 100 radius, outbound rates were excellent, even at the time when you started this thread. I really was not sure what to think of it at the time...I thought it was conceived prematurely.
But that's ok. Now it is conforming to the reality 100%.

 

For a dry van...Chicago to Los Angeles rates have always been ridiculous. Historically too. Not only you compete with lots of Chicago outbound reefers, taking whatever freight to get to West coast ASAP but also with an immense intermodal freight. Often enough, Chicago - Salt Lake City or Chicago - Denver pays better than Chicago - LA, which is 1000 miles further west.