Oil fell more than $1 to a three-week low near $86 a barrel Thursday following a reduced growth forecast by Europe’s central bank and concern over stalled U.S. budget negotiations, Bloomberg reported.
December 6, 2012Business, Fuel
Infrastructure, Maintenance Among Issues Preventing Faster Transition to Natural Gas
ARLINGTON, Va. — The low price of natural gas is a main reason why it is so appealing to trucking, but concerns ranging from infrastructure to maintenance are forcing the industry to go slow, executives said.
December 10, 2012Business, Fuel
Natural Gas Incentives Unlikely, Congressmen Tell Summit
ARLINGTON, VA. — Trucking should expect “piecemeal†measures that promote natural gas use because the federal government probably is too divided to tackle comprehensive legislation that could include incentives for buying natural gas trucks, two congressmen said.
December 10, 2012Business, Fuel
Diesel Dips, But Stays Above $4 for 26th Week This Year
U.S. retail diesel prices inched down 0.7 cent a gallon last week, but at $4.027 the average price of trucking’s main fuel has now topped $4 for a record 26th week this year, the Department of Energy reported.
December 10, 2012Business, Fuel
Oil Falls to Three-Week Low
Business, Fuel
Natural Gas Exports Would Boost U.S. Economy, Report Says
Exporting natural gas would benefit the U.S. economy, according to a study conducted for the Department of Energy.
December 6, 2012Business, Fuel
Clean Energy Completes First Stage of ‘Natural Gas Highway’ for Trucking
Clean Energy Fuels Corp. said Wednesday that with the completion of a liquefied natural gas fueling station in Missouri this month it has concluded the first stage of its “America’s Natural Gas Highway†for trucking.
December 5, 2012Business, Fuel
Diesel Dips 0.7¢ to $4.027; Gasoline Drops for Seventh Time in Eight Weeks
Diesel fell 0.7 cent to $4.027 a gallon, turning around last week’s 5.8-cent gain, while gasoline fell for the seventh time in eight weeks, the Department of Energy reported.
December 4, 2012Special Coverage, Business, Fuel
Switching to Natural Gas Brings Maintenance Challenges
ARLINGTON, Va. — Trucking companies that move to natural gas use in their fleets will have to choose engine and fuel types, modify their maintenance shops and possibly install new types of equipment, all of which will involve higher spending, executives at American Trucking Associations’ Summit on Natural Gas in Trucking said.
December 3, 2012Special Coverage, Business, Fuel
Natural Gas Pricing, Performance Are Key Issues for Fleets
ARLINGTON, Va. — Some of the nation’s leading trucking executives at American Trucking Associations’ Summit on Natural Gas in Trucking said that with natural gas priced as much as $2 per gallon cheaper than diesel fuel, it can’t be ignored as an alternative fuel.
December 3, 2012Special Coverage, Business, Fuel
Trends’ Panel Cites NatGas Transitional Concerns
ARLINGTON, Va. — Future trends present risks for the trucking industry as it contemplates a transition toward more natural gas use, but there are also risks if the transition is not accelerated, said a trio of experts who spoke at American Trucking Associations’ Summit on Natural Gas in Trucking here Friday.
December 3, 2012