{"id":34571,"date":"2026-03-07T02:59:30","date_gmt":"2026-03-07T10:59:30","guid":{"rendered":"https:\/\/essential.construction\/news\/what-oil-price-shocks-mean-for-u-s-construction-after-the-start-of-operation-epic-fury\/"},"modified":"2026-03-07T02:59:30","modified_gmt":"2026-03-07T10:59:30","slug":"what-oil-price-shocks-mean-for-u-s-construction-after-the-start-of-operation-epic-fury","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/what-oil-price-shocks-mean-for-u-s-construction-after-the-start-of-operation-epic-fury\/","title":{"rendered":"What oil price shocks mean for U.S. construction after the start of operation epic fury"},"content":{"rendered":"

[ad_1]
\n<\/p>\n

\n

Around the world, different types of oil are pumped from the ground. As a result, there are several oil markets, and their prices reflect varying geographic exposure to different world events.\u00a0<\/p>\n

Brent vs. WTI: Key Differences in Oil Benchmarks<\/strong><\/h3>\n

Two of the biggest oil markets trade in Brent Crude Oil and West Texas Intermediate or \u201cWTI\u201d. Both are classified as light, sweet crude oils suitable for refining into gasoline and diesel, yet they differ in source, quality, and location.<\/p>\n

Brent crude is extracted from the North Sea, making it the benchmark for international, waterborne oil exports, while West Texas Intermediate (WTI) is produced in U.S. landlocked fields and serves as the primary US benchmark.<\/p>\n

For these reasons, Brent\u2019s price is often considered the global reference price. However, Brent\u2019s greater global exposure to world events makes it more price-sensitive to the impacts of global conflict relative to WTI.<\/p>\n

\u00a0<\/p>\n

Operation Epic Fury and Its Ripple Effects on Fuel Prices<\/strong><\/h3>\n

Operation Epic Fury, a large-scale U.S.-led military campaign launched in February 2026 against Iran, has generated significant concern around the stability of the Middle East\u2019s oil supplies.<\/p>\n

The potential destruction of production and or key supply chain\u00a0infrastructure<\/a>, including pipelines, hubs, and tanker ports, has driven the prices for both Brent and WTI crude significantly higher since last week.<\/p>\n

The latest trading data point to both WTI and US national average\u00a0diesel prices<\/a>\u00a0rising to multi-year highs.<\/strong><\/p>\n

\"A
CONSTRUCTCONNECT \u2014 A chart shows U.S. Diesel Retail sales prices and the Producer Price Index (Net inputs to construction industries, goods). Rising oil prices are likely to raise fuel prices and, with it, construction costs. Civil projects may be the most sensitive to rising diesel costs.<\/figcaption><\/figure>\n

\u00a0<\/p>\n

Diesel Fuel Prices<\/h3>\n

Diesel fuel prices are released by the\u00a0Energy Information Administration<\/a>\u00a0each Tuesday. The last weekly reading was released on March 2nd, 2026, and reported diesel fuel\u2019s price at $3.89 per gallon. AAA\u2019s daily report for March 5th cited diesel at $4.17 per gallon.<\/p>\n

\"A
CONSTRUCTCONNECT \u2014 A chart shows West Texas Intermediate oil prices and US Diesel Retail prices. The last weekly reading was released on March 2nd, 2026, by the Energy Information Administration, and reported diesel fuel\u2019s price at $3.89 per gallon. AAA\u2019s daily report for March 5th cited diesel at $4.17 per gallon.<\/figcaption><\/figure>\n

\u00a0<\/p>\n

Historically, large swings in diesel prices have been correlated with similar, though smaller, moves in\u00a0construction goods prices<\/a>. Looking more broadly, rising fuel prices will directly affect transportation costs, which will spill over to all goods that require transportation.<\/p>\n

Heavy, bulk goods in particular will be more impacted by higher fuel costs.\u00a0Civil projects\u00a0<\/a>that involve significant amounts of heavy, high-volume materials, such as aggregate or concrete, will be disproportionately affected.<\/p>\n<\/p><\/div>\n

[ad_2]
\n
This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

[ad_1] Around the world, different types of oil are pumped from the ground. As a result, there are several oil … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1037],"tags":[357,295],"class_list":["post-34571","post","type-post","status-publish","format-standard","hentry","category-daily-commercial-news","tag-blog","tag-technology","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/34571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=34571"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/34571\/revisions"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=34571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=34571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=34571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}