Diesel’s national average pump price finished 2010 at a more than two-year high, gaining 4.6 cents Monday to $3.294 a gallon, while gasoline topped the $3 level for the first time since October 2008, the Department of Energy reported.
December 28, 2010Business, Fuel
Diesel Finishes 2010 at Two-Year High $3.294
Business, Government, Fuel
House Passes Diesel Emissions Reduction Act
The House of Representatives passed a bill Tuesday that would extend a program of grants and loans to reduce diesel emissions.
December 22, 2010Business, Fuel
Diesel Rises Again, Gaining 1.7¢ to Two-Year High $3.248 a Gallon
Diesel rose 1.7 cents to a national average of $3.248 a gallon at the pump — the fourth time it has hit a two-year high in the past six weeks, the Department of Energy said.
December 21, 2010Business, Fuel
Obama Signs Biodiesel Tax Credit Measure Into Law
President Obama has signed into law a measure that reinstates a biodiesel tax credit of $1 per gallon.
December 20, 2010Business, Fuel
Surveys See Lagging Freight Demand, Capacity Constraints Persisting in 2011
Recent surveys of carriers and shippers are signaling that slower freight demand growth and continued capacity constraints will be common phrases within the trucking industry during 2011.
December 20, 2010Business, Fuel
Rising Crude Price Pushes Diesel, Gas to Highest Levels in 2 Years
U.S. retail motor fuel prices continued to climb last week as both diesel and gasoline reached two-year highs, the Department of Energy said.
December 20, 2010Business, Fuel
Diesel Rises 3.4¢ to $3.231 in Latest Two-Year High
Diesel rose to its latest two-year high — the third time it has done so in the past month — rising 3.4 cents to $3.231 a gallon, the Department of Energy said.
December 14, 2010Business, Fuel
Diesel Premium to Remain in 2011, Analysts Predict
U.S. retail diesel has sold at a premium over gasoline throughout 2010, and petroleum market watchers said global competition for the trucking industry’s main fuel likely means that will not change any time soon.
December 13, 2010Business, Fuel
Oil Trading Near $90 a Barrel on High Demand
Oil traded near a two-year high close to $90 early Monday as a report showed continued high demand in China, Bloomberg reported.
December 13, 2010Editorial, Business, Fuel
The Return of the Oil Speculators
There are worrisome signs that commodities speculators are returning to the nation’s fuel markets, pushing prices higher than the normal forces of supply and demand would warrant.
December 13, 2010