Three investment firms have agreed to invest $150 million in Clean Energy Fuels Corp. to support its efforts to develop natural gas fueling infrastructure in North America, the company announced Thursday.
August 25, 2011BusinessFuel
Oil Rises to Nearly $87 a Barrel
Oil rose to nearly $87 a barrel in early trading Monday, following a report that consumer spending increased more than forecast, Bloomberg reported.
August 29, 2011BusinessFuel
Interest in Natural Gas Truck Fuel Increases; Industry Observers Predict Rising Sales
Sales of natural-gas-powered trucks will grow faster than the rest of the North American market, hitting almost 30,000 units by 2017, consulting firm Frost & Sullivan said.
August 29, 2011GovernmentFuel
Fuel Rule to Spur Tweaks in Cummins’ SCR Engines
Engine manufacturer Cummins Inc. will use incremental improvements to its current selective catalytic reduction engines to meet new federal standards for limiting greenhouse gas emissions between now and 2017, a senior company engineer said.
August 29, 2011BusinessFuel
Diesel Declines 2.5¢ to $3.81 For Fourth Consecutive Drop
The national average price of retail diesel declined for the fourth consecutive week, dipping 2.5 cents a gallon to $3.81, the Department of Energy reported.
August 29, 2011BusinessFuel
UPS to Purchase 100 All-Electric Vehicles
UPS announced it will purchase 100 all-electric delivery vehicles to replace older generation diesel trucks in the company's fleet.
August 25, 2011BusinessFuel
Diesel Dips 2.5¢ to $3.810 in Fourth Straight Decline
Diesel’s national average pump price declined for a fourth consecutive week, dipping 2.5 cents to $3.810 a gallon, while gasoline decreased 2.3 cents to $3.581, the Department of Energy said.
August 22, 2011BusinessFuel
Diesel Dips 6.2¢ to $3.835
The national average price of diesel fuel declined for a third straight week, dipping 6.2 cents to an almost six-month low of $3.835 a gallon, according to the Department of Energy.
August 22, 2011GovernmentFuel
Fuel Economy Rules Praised by Most Trucking Interests
Reaction to the Obama administration’s first-of-their-kind regulations limiting fuel consumption and carbon dioxide emissions in heavy trucks was almost unanimously positive from trucking, truck and engine manufacturers, environmental groups and others.
August 18, 2011GovernmentFuel
L.A., Long Beach Ports Settle Emissions Lawsuit
Seven terminal operators at the ports of Los Angeles and Long Beach have reached a settlement in a lawsuit alleging the terminals were in violation of diesel emission standards, the Los Angeles Times reported.
August 17, 2011