Managing Energy Industry Trends
May 01, 2026
Michael Nigro, GCC Energy Risk & Pricing Analyst
The US / (Israel) - Iran conflict remains front and center in the headlines and the primary driver of energy market levels. Since the beginning of March, energy prices significantly spiked with diesel and gas seeing 50% increases on the consumer end in a very short period of time. The pain of this extreme and quick jump has impacted not only fuel costs but cost concerns across other industries touched by petroleum as well.
To put numbers to the rise, here are some comparisons:
February 28, 2026:
- Tanker load of Unleaded 10%: $2.49*
- Tanker load of Fieldmaster Premium Dyed Diesel: $2.75*
- Apr to Dec Fieldmaster Contract: $2.78*
- WTI Crude: $67
- Brent Crude: $72
- Tanker load of Unleaded 10%: $3.78* (+1.29¢)
- Tanker load of Fieldmaster Premium Dyed Diesel: $4.48* (+$1.73)
- Jun to Dec Fieldmaster Contract: $4.12*
- WTI Crude: $104
- Brent Crude: $108
*delivered to the Garden City area
The Middle East conflict currently has no forecasted end in sight and lack of a peace agreement continues to add premiums to energy prices for our daily spot price and the near-term forward contracts. Our petroleum team is working to stay abreast of industry trends.
We’re committed to providing information and risk management analysis to your specific petroleum situation and assist in making purchasing decisions. Many customers that locked in contract gallons last fall and/or early 2026 are seeing significant savings in fuel costs. We’ve been expanding our contract options and flexibility in implementing them.
If you’re interested in a conversation about contracts or any other petroleum products and services, please reach out and one of our sales team members would be happy to discuss.