Those who think that electric trucks are a pie in the sky idea dreamed up by an environmentalist, meet Michael Simon.
January 13, 2016Business, Fuel
Oil Trades Near 12-Year Low as US Surplus Seen Worsening
Oil rose from the lowest close in more than 12 years in New York as volatility climbed amid speculation that prices have fallen too fast.
January 12, 2016Business, Fuel
Diesel Falls to $2.177, Down 3.4¢; Gasoline Below $2
The U.S. average retail diesel price fell for the ninth consecutive week, down 3.4 cents a gallon to $2.177, the Department of Energy reported Jan. 11.
January 11, 2016Business, Fuel
Oil Seen Heading to $20 on Dollar Strength, Morgan Stanley Analysts Say
A rapid appreciation of the U.S. dollar may send Brent oil to as low as $20 a barrel, according to Morgan Stanley.
January 11, 2016Business, Fuel
Diesel Drops 2.4¢ to $2.211; Oil Inventories Hit New Peak
The U.S. average retail diesel price fell for the eighth consecutive week, dropping 2.4 cents a gallon to $2.211, as oil inventories stood at the highest point in nearly a century, the Department of Energy reported Jan. 4. Â Â
January 11, 2016Business, Fuel
Oil Near 12-Year Low as China Volatility Stays in Focus
Oil traded near a 12-year low Jan. 8 as investors focused on volatility in Chinese markets after the country sought to quell losses in equities and stabilize its currency.
January 8, 2016Government, Business, Fuel, Safety
Kentucky Gov. Matt Bevin Cuts Transportation Budget
Gov. Matt Bevin’s first move on transportation in Kentucky was to slash $112.5 million from the state budget in that area because of a revenue shortfall blamed on less money coming in from fuel taxes.
January 6, 2016Business, Fuel
Oil Drops to 11-Year Low Despite Tension Between Saudi Arabia, Iran
Oil prices dropped over 2% toward its 11-year low Jan. 5 as traders shrugged off growing tension between two of the world's biggest oil producers and focused on a stronger U.S. dollar and swelling U.S. crude inventories.
January 6, 2016Business, Fuel
Diesel Falls Again, Down 2.4¢ to $2.211
The U.S. average retail diesel price fell for the eighth consecutive week, down 2.4 cents a gallon to $2.211, the Department of Energy reported Jan.4.
January 4, 2016Business, Fuel
Washington Moves Cause Biodiesel Prices to Jump 10%
Spot biodiesel prices have jumped at least 10% because of moves in Washington since Nov. 30, when the Obama administration increased consumption targets for the fuel. About three weeks later, Congress reinstated a $1-a-gallon tax credit for blending it.
January 4, 2016