The U.S. trade deficit widened by 6% in March, the Commerce Department said Wednesday.
May 11, 2011BusinessFuel
DOE Lowers Diesel Fuel Price Outlook by 9¢, to $3.89 a Gallon
The Department of Energy lowered its projected diesel average for this year by 9 cents, to $3.89 a gallon, and by 14 cents next year, to $3.93.
May 10, 2011BusinessFuel
Diesel Drops 2¢ to $4.104 a Gallon; Gasoline Edges up 0.2¢ to $3.965
Diesel fell 2 cents to $4.104 a gallon, its second downturn in three weeks and biggest decline in almost nine months, the Department of Energy said Monday.
May 10, 2011BusinessFuel
Gasoline Hits $4 National Average, Lundberg Survey Says
Gasoline’s national average has reached $4 a gallon, about a dime below its all-time high, according to the latest Lundberg Survey of filling stations released Sunday.
May 9, 2011BusinessFuel
Some Fleets Sidestep Fuel Price Escalation by Using Liquefied, Compressed Natural Gas
Bill Malone must have been one of the few people in trucking who could chuckle at the price of diesel one day this spring. It was well over $4 a gallon, but Malone was untroubled because the 18 tractors in the fleet he oversees are fueled with liquefied natural gas.
May 9, 2011BusinessFuel
Retail Diesel Fuel Average Price Rises 2.6¢ to $4.124 per Gallon
The average retail price of U.S. diesel resumed its upward march last week, climbing 2.6 cents per gallon to $4.124 and sparking renewed attention to fuel surcharge collections.
May 9, 2011BusinessFuel
Oil Plunges Almost $17 for Week
Oil took its biggest weekly plunge in more than two years this week, falling almost $17 to near $97 a barrel, Bloomberg reported.
May 6, 2011PerspectiveFuel
Opinion: Fuel’s Many Costs
Traditionally, fuel has been second only to drivers as the highest variable expense truckload companies face. Since the price of fuel probably isn’t going down anytime soon, this a good time for carriers interested in future prosperity to review the costs associated with fuel.
May 6, 2011BusinessFuel
Oil Tumbles to Below $100 a Barrel
Crude oil tumbled almost $10 to below $100 a barrel Thursday as commodities dropped the most in two years on concern that economic growth will slow, Bloomberg reported.
May 5, 2011BusinessFuel
Oil Falls to Two-Week Low Under $109
Oil fell more than $2 Wednesday to a two-week low under $109 a barrel following a report that showed crude supplies reached a six-month high last week, Bloomberg reported.
May 4, 2011