Diesel jumped 14.3 cents to $3.716 a gallon, its 13th straight weekly gain, while gasoline soared 19.4 cents to $3.383, the Department of Energy said Monday.
March 1, 2011Government, Fuel
Calif.’s Global Warming Targets May Cut Light Truck Sales
Automakers may forego as much as $4 billion a year in light truck sales to prevent states led by California from setting their own mileage standards, Bloomberg reported Tuesday.
March 1, 2011Business, Fuel
Oil Trades Near $100 a Barrel
Oil traded near $100 a barrel early Monday, its highest level in more than two years, as ongoing Middle East political turmoil raised concerns that production may be disrupted further, Bloomberg reported.
February 28, 2011Editorial, Business, Fuel, Government
Middle East Unrest and Fuel Prices
Just as the U.S. economy seems to be growing some serious muscle, international events are threatening to intervene in what has become a period of steady business improvement.
February 28, 2011Business, Fuel
Diesel Price Rises 3.9¢ to $3.573 a Gallon
U.S. retail diesel prices continued to climb last week, rising 3.9 cents a gallon to $3.573, the Department of Energy reported, as crude oil topped $100 a barrel for the first time since October 2008.
February 28, 2011Business, Fuel
Oil Hits $100 a Barrel
Crude oil hit $100 per barrel Wednesday in trading on the New York Mercantile Exchange, Bloomberg reported.
February 23, 2011Business, Fuel
Diesel Rises 3.9¢ to $3.573 a Gallon
Diesel increased in price for the 12th straight week, gaining 3.9 cents to $3.573Â a gallon, the Department of Energy said.
February 23, 2011Government, Business, Fuel
DeFazio Proposes Limiting Detention Time
Rep. Peter DeFazio (D-Ore.) has introduced a bill that would require the Department of Transportation to study and establish a maximum number of hours that drivers may be detained at loading docks without being compensated.
February 22, 2011Business, Fuel
Canada Pushes Ahead With Biodiesel Plan Regardless of Trucking Industry Concerns
The Canadian government announced it is pushing forward with its plan for a national 2% biodiesel mandate, setting July as its implementation date despite truckers’ concerns.
February 21, 2011Government, Fuel
Budget Proposal Would Cut EPA Grants for Emissions Reductions, Other Programs
President Obama’s proposed 2012 budget for the Environmental Protection Agency would eliminate diesel emissions-reduction grants and shrink other agency programs. But EPA Administrator Lisa Jackson last week vowed to forge full-speed ahead with the agency’s greenhouse gas emissions reduction program, including the agency’s proposed truck fuel-efficiency rule.
February 21, 2011