About five years ago, when diesel prices were averaging around $4 a gallon, John Sheehy began looking into alternative-fuel vehicles as a potential solution to rein in his trucking company’s rising costs.
February 6, 2017Business, Fuel
Diesel Notches Third Consecutive Decline, Slips 0.7¢ to $2.562
The U.S. average retail price of diesel slipped 0.7 cent to $2.562 a gallon as crude oil prices remained near $52 a barrel and U.S. rig counts increased.
January 30, 2017Business, Fuel
Christmas Ham Fat Used to Make Renewable Diesel Fuel
Finnish company Neste used waste fat from Christmas hams to produce about 2,641 gallons of its renewable diesel fuel, according to the oil refining and marketing firm.
January 24, 2017Business, Fuel
National Diesel Average Falls 1.6¢ to $2.569
The U.S. average retail price of diesel dropped 1.6 cents to $2.569 a gallon, while crude oil prices showed little change from the previous week.
January 23, 2017Business, Fuel
Diesel Price Reverses, Declines 1.2¢ to $2.585
The U.S. average retail price of diesel fell 1.2 cents to $2.585 a gallon, while oil prices hovered near $52 a barrel and the glut in crude inventories continued, even with cuts in production.
January 17, 2017Business, Fuel
Diesel Climbs Again, Up 1.1¢ to $2.597 a Gallon
The U.S. average retail price of diesel increased 1.1 cents to $2.597 a gallon, according to the Department of Energy, as more U.S. wells came online and the price of oil slipped.
January 9, 2017Business, Fuel
Diesel Gains 4.6¢ to $2.586, Highest Price Since Aug. 2015
The U.S. average retail price of diesel climbed 4.6 cents to $2.586 a gallon, according to the Department of Energy on Jan. 3, pushing diesel to a nearly 17-month high amid volatile crude oil prices.
January 9, 2017Business, Fuel
Diesel’s Rise Continues, Up 4.6¢ to $2.586
The U.S. average retail price of diesel rose 4.6 cents to $2.586 a gallon, according to the Department of Energy, as the price of oil rose past $55 to an 18-month high, then fell later in the day Jan. 3.
January 3, 2017Government, Business, Fuel
Trucking Industry on Board With Michigan’s Diesel Tax Hike
Truckers filling their tanks with diesel in Michigan are paying 11.3 cents more per gallon in tax than they did last month as part of a 2015 law designed to eventually produce $400 million for the state’s roads and bridges.
January 3, 2017Business, Fuel, Government, Technology, Equipment
Diesel, Crude Prices Ascend to 2016 Peaks at Year’s End
The average U.S. retail price of diesel jumped 1.3 cents a gallon to $2.54, the Department of Energy reported Dec. 26, as the price of oil rose past $53 a barrel because evidence is growing that plans to cut production will jell.
January 2, 2017