Crude oil dropped to the lowest level in more than five years Dec. 18 on concern a supply glut will worsen.
December 18, 2014Fuel
Diesel Average Drops 11.6¢ To Lowest Since Jan. 2011
The U.S. retail diesel average continued its downward push last week, plummeting 11.6 cents a gallon to $3.419, the lowest since January 2011, the Department of Energy reported.
December 22, 2014BusinessFuel
Diesel Declines 11.6¢ to $3.419 a Gallon
The average retail price of diesel plummeted another 11.6 cents this week, sending trucking’s main fuel down to $3.419 a gallon, a low not seen in almost four years, the Department of Energy said.
December 15, 2014BusinessFuel
Diesel Dives 7¢ to $3.535
The U.S. diesel average price dropped 7 cents last week, to $3.535 a gallon, and the Department of Energy said prices should fall below $3 next spring for the first time since 2010.
December 15, 2014BusinessFuel
Another Milestone: Oil Below $60 A Barrel
West Texas Intermediate oil dropped below $60 a barrel for the first time since July 2009 as Saudi Arabia questioned the need to cut output, signaling its priority is defending market share. Brent fell to a five-year low.
December 11, 2014Fuel
Oil Rout Puts $24 Billion of Truck Fuel Savings in Play
As shippers of everything from toys to tools enjoy as much as $24 billion in savings from lower diesel surcharges next year, trucking companies see an opening to raise freight rates at a pace not seen in about a decade.
December 11, 2014BusinessFuel
Retail Sales Climb in November by Most in Eight Months
Retail sales in the U.S. rose in November by the most in eight months as shoppers benefited from an improving job market and cheaper fuel.
December 11, 2014BusinessFuel
Diesel Dives 7¢ to $3.535 as Oil Continues to Drop
Diesel’s pump price dove 7 cents to $3.535 a gallon, the biggest drop in two years, the Department of Energy reported Dec. 8, as oil plunged to a new five-year low near $63 a barrel.
December 8, 2014BusinessFuel
Diesel, Gasoline Continue to Fall as Oil Plunges to Five-Year Low
A decision by the OPEC oil cartel to maintain its production levels sent crude oil prices plummeting to five-year lows, which sent U.S. retail diesel and gasoline average prices tumbling, too.
December 8, 2014BusinessFuel
Oil Falls to Five-Year Low $65.84 a Barrel
Oil fell almost $1 to a five-year low $65.84 a barrel Dec. 5, as Saudi Arabia offered its oil customers in Asia the biggest discount on record, signaling it will defend its market share.
December 5, 2014