President Obama touted greater use of natural gas during a visit to a UPS Inc. facility in Las Vegas on Thursday, the Los Angeles Times reported.
January 27, 2012BusinessFuel
Obama Backs More Natural Gas Use for Trucking, Industry
Citing an abundant U.S. supply of natural gas, President Obama said in his State of the Union address Tuesday that “the development of natural gas will create jobs and power trucks and factories that are cleaner and cheaper.â€
January 25, 2012BusinessFuel
Diesel Dips 0.6¢ to $3.848 a Gallon
Diesel fell less than a penny, dipping 0.6 cent to $3.848 a gallon, its first downturn in three weeks, the Department of Energy reported.
January 24, 2012BusinessFuel
Hybrid Truck Sales Seen Nearly Doubling
Sales of hybrid and battery electric heavy- and medium-duty trucks will nearly double worldwide this year, and more than 100,000 will be on roadways by 2017, a research group said.
January 24, 2012BusinessFuel
Gasoline Gains 3.5¢ to $3.39, Lundberg Says
Gasoline rose 3.5 cents in the past two weeks to a national average $3.39 per gallon, according to the latest Lundberg Survey of filling stations released Sunday.
January 23, 2012BusinessFuelGovernment
Diesel Rises 2.6¢ to $3.854 as Iran Threats Push Oil Up
Retail diesel prices increased for the second week in a row, rising 2.6 cents to $3.854 a gallon, the Department of Energy reported last week.
January 23, 2012BusinessFuel
Oil Falls Below $100 in Third Straight Decline
Oil fell under $100 a barrel Friday, the third straight daily decline, on signs that China’s manufacturing was declining and European economic growth slowed, Bloomberg reported.
January 20, 2012BusinessFuel
Judge Dismisses Navistar’s SCR Lawsuit
A federal judge rejected a request by Navistar Inc. to force the U.S. Environmental Protection Agency to recall all 2010 trucks with selective catalytic reduction engines.
January 20, 2012BusinessFuel
Administration Nixes Keystone XL Pipeline, But Alternate Plan Seen Moving Forward
President Obama has denied a permit for the proposed Keystone XL oil pipeline, but investors, public officials and analysts said the project is likely to move forward on an alternate route, Bloomberg reported Thursday.
January 19, 2012BusinessFuel
Diesel Rises Again, Gaining 2.6¢ to $3.854
Diesel rose for a second week following six straight declines, increasing 2.6 cents to $3.854 a gallon, while gasoline rose less than a penny, the Department of Energy said.
January 18, 2012