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, 2016GovernmentBusinessFuelSafety
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, 2016BusinessFuel
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, 2016BusinessFuel
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, 2016BusinessFuel
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, 2016BusinessFuel
Interactive Graphic: 2015 Week-By-Week Diesel Price
The national average price of diesel fell from $3.137 after the first week of 2015 to $2.235 after the final week. See everything in-between in this interactive graphic.
January 1, 2016BusinessFuel
Diesel Falls 4.9¢ to $2.235, Gas Rises Eight-Tenths to $2.034
The U.S. average retail diesel price fell for the seventh consecutive week and to the lowest point this year, down 4.9 cents a gallon to $2.235, the Department of Energy reported Dec. 28.
December 29, 2015GovernmentFuelBusinessSafety
Missouri Senate Transportation Chairman Hopeful About Fuel-Tax Hike
Missouri’s 17-cent tax for both gas and diesel is among the lowest of any state and barely half of the nationwide average.
December 22, 2015BusinessFuel
Diesel Drops 5.4¢ to $2.284; Gasoline Falls to $2.026
The U.S. average retail diesel price fell for the sixth consecutive week and to the lowest point this year, down 5.4 cents a gallon to $2.284, the Department of Energy reported Dec. 21.
December 21, 2015BusinessFuel
Gasoline Falls Below $2 a Gallon for First Time in 6 Years
Just as Americans start to hit the road for the holidays, the average price of gasoline at the pump has dropped below $2 a gallon for the first time in more than six years as global oil supply continues to surge.
December 21, 2015