Diesel is the cheapest versus gasoline for this time of year in at least a decade as inventories surge and mild temperatures reduce heating demand.
December 10, 2015BusinessFuel
Pilot Flying J Donates $10 Million to Knoxville Schools to Modernize Football Fields
Pilot Flying J is donating $10 million over the next three years to provide athletic and academic support to the 13 public high schools in Knox County, Tennessee, including synthetic turf at each school for a football field.
December 9, 2015BusinessFuel
Get Ready for $2 Gasoline Again
U.S. gasoline pump prices are poised to drop below $2 a gallon for the first time in more than six years, which is sure to bring comfort and joy to drivers.
December 9, 2015BusinessFuel
DOE Expects Diesel to Average $2.67 a Gallon in 2016
The Department of Energy said it expects the price of diesel to average $2.67 a gallon in 2016 and gasoline to average $2.36.
December 8, 2015BusinessFuel
Brent Crude Drops Below $40 for First Time in Almost Seven Years
Brent crude fell below $40 a barrel for the first time in almost seven years after OPEC effectively abandoned limits on crude output, prompting speculation that a record global glut will continue.
December 8, 2015BusinessFuel
Diesel Falls to $2.379, Down 4.2¢ in Fourth Consecutive Drop
The U.S. average retail diesel price slid for the fourth week in a row, down 4.2 cents a gallon to $2.379, the Department of Energy reported Dec. 7.
December 7, 2015BusinessFuel
Oil Extends Decline Below $40 as OPEC Abandons Production Target
Oil extended losses below $40 a barrel amid speculation a record global glut will be prolonged as OPEC effectively abandoned its longtime strategy of limiting production to control prices.
December 7, 2015BusinessFuel
Diesel Price Drops 2.4¢ to $2.421; Gasoline Declines 3.5¢ to $2.059
The U.S. average retail price of diesel continued its descent for a third straight week, falling 2.4 cents a gallon to $2.421, the Department of Energy reported.
December 7, 2015BusinessFuel
Fiat Chrysler Converts Private Truck Fleet to CNG
FCA US, the North American automaking unit of Fiat Chrysler Automobiles N.V., will invest $40 million to convert 179 trucks in its private fleet to run on compressed natural gas and build in Detroit the largest private CNG fueling station in North America.
December 4, 2015BusinessFuel
TravelCenters of America Completes Acquisition of 10 Ohio Stop'n Go Stores
TravelCenters of America has completed its previously disclosed acquisition of 10 convenience stores located in Ohio as the company continues its expansion program.
December 4, 2015