Fuel is the lifeblood of the transportation industry. In the trucking sector, it’s the second-biggest cost, which is also true for the airline sector. In addition, the production and transportation of oil and gas is a major portion of trucking and transportation services.
SONAR’s data covers all the key numbers that provide you with an overview of how energy is impacting the market, helping you purchase fuel more intelligently (and perhaps cheaper).
DEPARTMENT OF ENERGY DIESEL (DOE)
The weekly retail average diesel price as calculated by the Energy Information Administration of the Department of Energy. It is referred to as the DOE price.
DIESEL TRUCK STOP AVERAGE PRICE PER GALLON (DTS)
DTS is the average price of diesel fuel purchased in a given market expressed in dollars per gallon.
ULTRA-LOW DIESEL PRICES, VOLUMES, AND SPREAD
ULSD rack price (ULSDR) and volume (ULSDV) is a daily value in SONAR. The price is represented in dollars per gallon while volume is represented at the rack level in gallons. ULSD is the primary fuel source for Class 8 trucks in the U.S. The rack price is the rate that retailers and wholesalers pay for diesel. It does not include taxes (a significant percentage of the retail cost), transportation cost from the refinery, and retail markup. It only includes the cost of the fuel itself and markup for the refinery.
ULSDR will give the user an idea of how much cost differential there is between the wholesale and retail price in a given area. ULSDV is an indicator of how many trucks are in a market over time. Many retailers will purchase fuel in anticipation of fuel price increases as well. A surge in ULSDV can indicate an increase in fuel price is coming. ULSDR and ULSDV are available in the tri-delta granularities of weekly, bi-weekly and monthly changes. All of these values will be available on the map for ease of identifying the most volatile markets.
SONAR also has the spread of retail fuel cost to wholesale or “rack” price – FUELS. This index is the difference between the price that is advertised at gas stations and truck stops and the wholesale price that retailers and certain carriers pay off the rack at the refineries. The significance of this is the impact to carrier margins when the rack price increases and the retail price stays flat or drops due to the retail rate being set on the rack price at the time of purchase. Carriers set their fuel surcharges on the retail price but will buy at the current rack rate. To read more about this impact click here. This is a daily value available in all the U.S. markets.
Energy markets have been the largest drivers of the recent industrial economic boom. America has become the world’s largest producer of crude oil in the past two years. The energy market impacts transportation in multiple ways from shipping of raw products and their derivatives to the direct costs of hauling any other freight due to the price of diesel.
Crude Oil First Purchase Price (CRUDPC) – Monthly first purchase price of crude oil measured in dollars per barrel.
Crude Oil Production (CRUDPD) – Weekly production of crude oil measured in thousands of barrels per day.
Distillate Fuel Oil Stocks (DFOINV) – Weekly stocks of distillate fuel oil measured in thousands of barrels.
Distillate Fuel Oil Net Production (DFOPRD) – Weekly net production of refinery and blender of distillate fuel oil measured in thousands of barrels.
Ethanol Stocks (ETHINV) – Weekly stocks of ethanol measured in thousands of barrels.
Ethanol Production (ETHPRD) – Weekly production of ethanol measured in thousands of barrels.
Fuel Oil Price (FLOIL) – Monthly price of fuel oil measured in dollars per gallon.
Gasoline Stocks (GASINV) – Weekly stocks of gasoline measured in thousands of barrels.
Conventional Gasoline Net Production (GASNET) – Weekly net production of refinery and blender of conventional gasoline measured in thousands of barrels.
Gasoline Retail Price (GASPRC) – Weekly retail price of gasoline measured in dollars per gallon.
Kerosene Type Jet Fuel Stocks (JETINV) – Weekly stocks of kerosene type jet fuel measured in thousands of barrels.
Kerosene Type Jet Fuel Production (JETPRD) – Weekly net production of refinery and blender of kerosene type jet fuel measured in thousands of barrels.
Kerosene Stocks (KERINV) – Weekly stocks of kerosene measured in thousands of barrels.
Electricity Price (POWER) – Monthly price of electricity measured in dollars per kilowatt hour.
WTI Spot Crude Price (WTI) – Daily West Texas Intermediate crude spot price in dollars per barrel.
Most of the indices are offered by the Department of Energy PADD region and U.S. granularities with some exceptions.
Petroleum trade data – Petroleum trade data tracks exports, imports and the trade balance in the U.S. economy for petroleum fuels. This data is monthly, non-seasonally adjusted, and reported as thousands of barrels per day.
Energy data in SONAR includes:
- DOE national average
- Retail prices
- First price
- Storage stocks
- Wholesale rack diesel prices
- Retail to wholesale ULSD spread
- ULSD volume by market
- Electricity prices
- Brent/WTI Spread
- Drilling permits
- Total # of drilling rigs