MT. HOLLY, N.C. — President Obama has proposed a new federal tax credit to encourage truck fleets to purchase vehicles powered by natural gas or electricity.
March 7, 2012Business, Fuel
Oil Finishes Week Over $107 a Barrel
Oil rose for a third day, finishing the trading day over $107 a barrel for the first time in 10 days, Bloomberg reported.
March 9, 2012Business, Fuel, Government
Trade Gap Is Highest in More Than Three Years
The U.S. trade deficit widened in January to its highest level since October 2008, the Commerce Department said Friday.
March 9, 2012Business, Fuel
Obama Proposes Tax Credit for Natural Gas, Electric Trucks
Business, Fuel
Oil Rises From Two-Week Low
Oil rose from a two-week low in early trading Monday on forecasts that U.S. fuel supplies are declining, Bloomberg reported.
March 7, 2012Business, Fuel
Diesel Rises Again, Gaining 4.3¢ to $4.094
Diesel rose for the eighth week in the past nine, gaining 4.3 cents to $4.094, its highest price in 10 months, while gasoline jumped again, the Department of Energy said.
March 6, 2012Business, Fuel
One Leg of Keystone Pipeline to Be Built
Trans Canada said it plans to build the portion of the Keystone XL Pipeline that would run from Cushing, Okla., to Texas refineries as a stand-alone project that could be completed next year.
March 5, 2012Business, Fuel
Oil Trades Near Four-Day Low
Oil fell to near a three-day low in early trading Monday after a report on projected lower demand in China, Bloomberg reported.
March 5, 2012Editorial, Business, Fuel
Editorial: Oil Patch Blues
The news from the oil patch just keeps getting worse and worse. As if $4-a-gallon diesel isn’t bad enough for the trucking industry, now comes a warning from the federal government that ultra-low-sulfur diesel may soon become scarcer and even more expensive in the Northeast because of a string of refinery closings.
March 5, 2012Business, Fuel
ULSD Supply Woes Loom
Truckers in the Northeast soon could find ultra-low-sulfur-diesel fuel in short supply and more expensive if Sunoco Inc. proceeds with its plan to close its Philadelphia refinery in July, the U.S. Energy Information Administration warned last month.
March 5, 2012Business, Fuel
Diesel Average Rises Above $4; Price Is Highest Since Mid-May
U.S. diesel prices surged last week, crossing the important psychological $4-a-gallon threshold and reaching their highest level since May 16, according to the Department of Energy.
March 5, 2012