The U.S. trade deficit narrowed by 12% in February on lower imports, including a big drop in crude oil imports, the Commerce Department reported Thursday.
April 12, 2012BusinessFuel
Diesel Inches Higher to $4.148, After 12th Increase in 14 Weeks
U.S. retail diesel prices rose 0.6 cent a gallon to $4.148 last week, the Department of Energy reported. Although the increase was small, it still caused fleet managers to express great concern as the national average hit the highest level since Aug. 18, 2008.
April 16, 2012BusinessFuel
Diesel to Hold Over $4 Into Next Year, DOE Energy Outlook Says
Diesel will average $4.21 a gallon this summer and $3.94 a gallon this year, while holding over $4 into 2013, the Department of Energy said Tuesday.
April 10, 2012BusinessFuel
Diesel Resumes Rise, Up 0.6¢ to $4.148; Gasoline Dips 0.2¢ to $3.939
Diesel resumed its upward trend following a one-week respite, gaining 0.6-cent to $4.148 a gallon, the highest price since the record-setting summer of 2008, the Department of Energy said.
April 10, 2012Fuel
Three Oil Companies Settle in ‘Hot Fuel’ Suit
Three oil companies have agreed to settle lawsuits related to “hot fuel†— gasoline and diesel that is not adjusted by volume to account for temperature — the Kansas City Star reported.
April 9, 2012BusinessFuel
Gasoline Rises 4¢ to $3.97 a Gallon, Lundberg Says
Gasoline rose 4 cents in the past two weeks to $3.97 per gallon, according to the latest Lundberg Survey of filling stations released Sunday.
April 9, 2012BusinessFuel
Diesel Average Dips 0.5¢ for First Decline in 10 Weeks
Retail diesel prices dipped 0.5 cent last week to $4.142 a gallon, interrupting a price advance that had raised the price of trucking’s main fuel nearly 30 cents over the previous nine weeks, the Department of Energy reported.
April 9, 2012BusinessFuel
Oil Finishes Week Over $103 a Barrel
Oil rose almost $2 on Thursday to finish the trading week at $103.31 a barrel, following an earlier report that jobless claims fell to the lowest level in four years, Bloomberg reported.
April 6, 2012BusinessFuel
Oil Falls to Seven-Week Low $101.47 as Output, Supplies Surge
Oil fell more than $2.50 Wednesday to finish the trading day at a seven-week low $101.47 a barrel, following a report that crude inventories took their biggest jump in four years, Bloomberg reported.
April 4, 2012BusinessSafetyGovernmentFuelLogisticsAutonomous
Quality Distribution Buys Energy Logistics Firm
Tank truck carrier Quality Distribution said late Monday that it has purchased Trojan Vacuum Services, a transportation provider for the oil and gas industry in the Eagle Ford shale region in Texas.
April 3, 2012