U.S. crude posted its biggest monthly drop since the 2008 financial crisis on July 31 after a string of losses in July triggered by China's stock market slump and signs that top Middle East producers were pumping crude at record levels.
July 31, 2015Fuel
Diesel Drops 5.9¢ to $2.723; Lowest Price in Nearly Six Years
Diesel’s national average price tumbled to its lowest point in almost six years last week, falling 5.9 cents to $2.723 per gallon, according to a July 27 report from the Department of Energy. The last time diesel was lower than the current price was the week of Oct. 19, 2009, when it was $2.705.
August 3, 2015Business, Fuel
US Crude Posts Biggest Monthly Fall Since 2008
Business, Fuel
Oil Market Embraces Lower-for-Longer Price View as Futures Sink
The global oil surplus increasingly looks like a problem that will take years rather than months to solve — and the market is pricing that in.
July 30, 2015Business, Fuel
UPS Pledges to Buy 46 Million Gallons of Renewable Diesel
UPS Inc. said it will buy 46 million gallons of renewable diesel over three years, 15 times greater than prior contracts, as the company seeks to further reduce carbon emissions.
July 29, 2015Business, Fuel, Technology, Equipment, Safety
Agility CEO Engle Stepping Down for Position at General Motors
Agility Fuel Systems CEO Barry Engle will leave his post for an executive vice president position with General Motors, the natural-gas fuel systems manufacturer said July 28.
July 29, 2015Business, Fuel
Diesel Average Sheds 5.9¢ in 9th Straight Decline; $2.723 Is Lowest Price in Six Years
Diesel’s national average price tumbled to its lowest point since 2009 this week, falling 5.9 cents to $2.723 per gallon, according to the July 27 report from the Department of Energy. Gas also fell 5.7 cents.
July 28, 2015Government, Business, Fuel
Hillary Clinton Declines to Say Where She Stands on Keystone XL
Hillary Clinton declined to weigh in on the Obama administration’s ongoing deliberations over the Keystone XL oil pipeline July 27, avoiding an issue that has become a litmus test for climate activists.
July 27, 2015Fuel, Business, Equipment
Navistar Challenges Competitors to Fuel-Economy Showdown
Navistar said it invited each of its Class 8 competitors to participate in a performance test comparing fuel economy of their best performing truck against its International.
July 27, 2015Fuel
Diesel Average Drops 3.2¢ to $2.782 for Eighth Straight Weekly Decline
The U.S. diesel average fell for the eighth straight week, sliding 3.2 cents a gallon to $2.782, the Department of Energy reported July 20.
July 27, 2015Business, Government, Safety, Fuel
Groups Say Road Funding Threatened by Proposal on Ground Ozone Limit
WASHINGTON — A small change in the limit for ground-level ozone emissions could lead to wide-scale noncompliance of environmental rules and could lead to the federal government’s yanking funding commitments for infrastructure projects, business groups said.
July 27, 2015