Oil prices may have passed their lowest point as shrinking supplies outside OPEC and disruptions inside the group erode the global surplus, the International Energy Agency said.
March 11, 2016Business, Fuel
IEA Says Oil Price May Have Bottomed
Government, Fuel, Business, Safety
South Carolina Senate OKs Transportation Plan That Conflicts With House Version
After weeks of debate marked by extended filibusters, South Carolina’s Republican-controlled Senate approved a $400 million transportation plan that doesn’t include the fuel-tax increase in the bill passed earlier by the House.
March 10, 2016Business, Fuel
Diesel Rises 3.2¢ to $2.021 in Third Straight Increase
The U.S. diesel average rose 3.2 cents to $2.021 last week for its third increase in a row.
March 7, 2016Fuel
GHG Proposal Manageable, Largest Trailer Makers Say
NASHVILLE, Tenn. — Executives with North America’s two largest truck-trailer makers said they expect to meet Phase 2 federal greenhouse-gas regulations to be issued this year, even though parts of the proposal are ill-considered.
March 7, 2016Fuel, Business
Different Paths May Take Miss., Minn. Down Same Road to Higher Fuel Tax
Mississippi hasn’t raised its fuel taxes since 1987. Minnesota did it just eight years ago. However, both might be on the verge of doing so as lawmakers look to fix transportation funding shortfalls at a time of record low fuel prices.
March 7, 2016Special Coverage, Business, Fuel
New Oils for Engines Set to Arrive in December
NASHVILLE, Tenn. — Work on improving engine oils to assist in fuel efficiency is complete, and the two new oils, CK-4 and FA-4, will be available in December, said Dan Arcy, global OEM technical manager of Shell Global Solutions.
March 1, 2016Business, Fuel
National Diesel Average Price Rises Less Than a Cent to $1.989
The U.S. retail diesel average price rose for the second consecutive week, increasing 0.6 cent a gallon to $1.989, the Department of Energy reported Feb. 29.
February 29, 2016Business, Fuel
Oil Prices Expected to Average $40 a Barrel in 2016
Oil prices will average just over $40 a barrel this year due to subdued demand and the likelihood a tentative agreement by leading producers to freeze output will do little to drain a supply glut, a Reuters poll showed Feb. 29.
February 29, 2016Business, Fuel
Diesel Rises 0.3¢ to $1.983; First Increase in 14 Weeks
The U.S. diesel average rose 0.3 cent to $1.983 last week, the first increase in 14 weeks, the Department of Energy reported. Two fleet executives told Transport Topics they did not expect to see pump prices to spike but did share concerns about how regional price and tax variances can create business pressures.
February 29, 2016Government, Fuel, Business
Alaska Fuel Tax Bill Moves With Trucking Industry Support
Gov. Bill Walker’s bill to increase state fuel taxes has support from some industry groups it would directly affect, including the Alaska Trucking Association.
February 25, 2016