Fuel News

About Fuel News...

Transport Topics fuel coverage looks closely at what powers trucks. From the latest on battery, diesel and alternative fuel technology to the costs and prices associated with each, this news category covers today’s fuel ecosystem extensively. Topics include green house gas regulation, fuel prices, equipment costs, fuel infrastructure, surcharge and more.

Business, Fuel

Breakdown at Indiana Refinery Sends Midwest Gasoline Prices Soaring

For want of a refinery unit in Indiana, oil prices are tumbling in Oklahoma and Alberta while gasoline prices in the Midwest are soaring.

August 13, 2015
Business, Fuel

Oil Tumbles to Six-Year Low on Rising Crude Output, Yuan's Devaluation

Oil sank to a six-year low Aug. 13 as rising crude output and signs that China’s economy is weakening increased concern that a global surplus will worsen.

August 13, 2015
Business, Fuel

DOE Lowers 2015 Diesel-Price Forecast 13¢ to $2.73

The Department of Energy lowered its 2015 forecast for U.S. diesel prices 13 cents to $2.73 a gallon and its 2016 projection by 23 cents to $2.81.

August 12, 2015
Business, Fuel

IEA Sees Oil Glut Through 2016 After Reaching 17-Year High

The global oil glut will last through 2016 as the strongest demand growth in five years and faltering supply fail to clear the surplus, according to the International Energy Agency.

August 12, 2015
Business, Fuel

Oil Tumbles to Six-Year Low on OPEC Output, Yuan Move

Crude closed at the lowest level in more than six years in New York as OPEC production climbed while China’s devaluation of the yuan bolstered concern that the world’s second-biggest economy will slow.

August 11, 2015
Business, Fuel

US Diesel Prices Decline Again

Diesel’s spring-and-summer price slide has reached an 11th straight week with the Department of Energy reporting another decline Aug. 10, this time by 5.1 cents a gallon to $2.617.

August 11, 2015
Business, Government, Safety, Fuel

Fueled by Low Pump Prices, Motorists to Drive More in August, Survey Says

Roughly one in three U.S. motorists expect to drive more in August as low gasoline prices help fuel optimism for the broader economy, a new retail survey released on Aug. 11 shows.

August 11, 2015
Business, Fuel

Oil Rises From Five-Month Low

Oil rose from the lowest level in almost five months in New York as Chinese crude imports climbed to a record in July.

August 10, 2015
Business, Fuel

Diesel Average Drops for 10th Straight Week, Reaching Lowest Level Since October 2009

The U.S. diesel average declined 5.5 cents last week to $2.668 a gallon, the lowest price since 2009, the Department of Energy reported.

August 10, 2015
Business, Fuel

Diesel Average Falls for 10th Consecutive Week to Lowest Price Since 2009

Diesel’s national average price declined for the 10th consecutive week, dropping 5.5 cents to $2.668 per gallon, according to a report from the Department of Energy on Aug. 3.

August 4, 2015