President Barack Obama will propose a $10-per-barrel tax on oil in his fiscal 2017 budget to finance self-driving cars, public transit, railroads and other transportation improvements, the White House said.
February 4, 2016BusinessFuel
Oil Prices Could Jump 50% by the End of 2016, Industry Analysts Say
Oil bulls distressed that last week’s rally fizzled can find some comfort in forecasts for a bigger and longer rebound by the end of the year.
February 3, 2016BusinessFuel
Diesel Drops 4¢ to $2.031; Price is Less Than a Penny From Lowest Ever for ULSD
The U.S. retail diesel average fell for the 12th consecutive week, dropping 4 cents a gallon to $2.031 and putting it just eight-tenths of a cent higher than the lowest price ever in the era of ultra-low-sulfur diesel, the Department of Energy reported.
February 1, 2016BusinessFuel
Diesel Falls 4.1¢ to $2.071; Below $2 in Two Regions
The U.S. average diesel retail price fell for the 11th consecutive week, dropping 4.1 cents a gallon to $2.071. That includes two regions that dropped below $2 a gallon for the first time in nearly seven years, the Department of Energy reported.
February 1, 2016BusinessFuel
Rolling With the Changes, North Dakota Trucking Companies Affected by Falling Oil Prices
Mike Bertelsen, the Dickinson, North Dakota, terminal superintendent of regional Black Hills Trucking, said his branch of the company has felt the winds of change like many others in the region.
January 29, 2016BusinessFuel
Oil Resumes Decline as US Stockpile Surge Worsens Global Glut
Oil resumed its decline after U.S. industry data showed crude stockpiles increased, exacerbating a global glut.
January 27, 2016BusinessFuel
National Diesel Average Falls to $2.071, Down 4.1¢
The U.S. retail diesel average fell for the 11th consecutive week, dropping 4.1 cents a gallon to $2.071, while in two regions of the country average prices dropped below $2 a gallon, the Department of Energy reported Jan. 25.Â
January 26, 2016BusinessFuel
Lower Fuel Prices Have Broad Impact
When your trucks average 8 miles per gallon, lower gasoline prices at the pump can be a welcome addition to the bottom line.
January 25, 2016BusinessFuel
Diesel Falls 6.5¢ to $2.112 for Tenth-Straight Decline
The U.S. average retail diesel price fell for the 10th consecutive week, dropping 6.5 cents a gallon to $2.112, the Department of Energy reported.
January 25, 2016BusinessFuel
Diesel Prices Fall 6.5¢ to $2.112
The U.S. average retail diesel price fell for the 10th consecutive week, down 6.5 cents a gallon to $2.112, leaving it at the lowest price since March 23, 2009, the Department of Energy reported Jan. 19.
January 19, 2016