President Obama said Friday he is prepared to tap the Strategic Petroleum Reserve if needed to prevent any oil supply disruptions, even as oil prices slipped, news services reported.
March 11, 2011Business, Fuel
Fuel Prices Take Another Leap
U.S. retail diesel prices shot up another 15.5 cents last week in the largest one-week increase in nearly three years, as the national average price reached $3.871 a gallon, the highest since October 2008, the Department of Energy said.
March 14, 2011Business, Fuel
Obama Says U.S. May Tap Oil Reserve
Business, Fuel
DOE Boosts Diesel, Gas Price Projections
The Department of Energy boosted its projected diesel average this year by 38 cents, to $3.81 a gallon, though the most recent weekly price already tops that level.
March 8, 2011Business, Fuel
Diesel Surges 15.5¢ to $3.871; Gasoline Jumps 13.7¢ to $3.52 a Gallon
Diesel took a big jump for the second straight week, spiking 15.5 cents to $3.871 a gallon — its biggest increase and highest pump price since 2008, the Department of Energy said.
March 8, 2011Business, Fuel
Gasoline Jumps 33¢ in Two Weeks to $3.51 a Gallon, Lundberg Survey Says
Gasoline’s national average price jumped 33 cents in the past two weeks to an average $3.51 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
March 7, 2011Business, Fuel
U.S. May Open SPR as Oil Nears $107 a Barrel
Oil prices continued their upward trend, nearing $107 a barrel early Monday, and President Obama’s chief advisor said the administration is considering releasing some oil from the Strategic Petroleum Reserve to staunch soaring prices.
March 7, 2011Business, Fuel
U.S. Fuel Prices Skyrocket; Retail Diesel Jumps 14.3¢ to $3.716
U.S. retail fuel prices shot up last week as petroleum closed above $100 a barrel for the first time since September 2008 and as unrest in Libya and the Middle East left people in trucking wondering how high prices might go and how long they might stay there.
March 7, 2011Business, Fuel
ATA Backs More Domestic Oil Production
American Trucking Associations has urged the Obama administration to open up opportunities for domestic oil production as a way to lessen the impact of political tumult in the Middle East.
March 3, 2011Business, Fuel
Oil Closes Over $100 a Barrel for First Time Since 2008
Oil closed over $100 a barrel Wednesday for the first time since September 2008, Bloomberg reported.
March 2, 2011Business, Fuel
Oil Closes at 29-Month High
Oil closed at a 29-month high near $100 a barrel on continued concerns about Middle East political unrest, Bloomberg reported.
March 2, 2011