Oil topped $106 a barrel in early trading Thursday following the highest closing price in two and a half years on Wednesday, Bloomberg reported.
March 24, 2011BusinessFuel
Diesel Drops for First Time Since November
Diesel slipped a tenth of a cent to $3.907 a gallon, its first drop since November, while gasoline also declined, the Department of Energy said Monday.
March 22, 2011BusinessFuel
Gasoline Price Rise Slows, Lundberg Survey Says
Gasoline’s national average price slowed its gain, rising 6.7 cents over the past two weeks to an average $3.573 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
March 21, 2011BusinessFuel
Oil Rises to Near $103 a Barrel
Oil prices rose $2 early Monday to near $103 a barrel following weekend allied air strikes on Libya, Bloomberg reported.
March 21, 2011GovernmentFuel
House Panel’s EPA Vote Doesn’t Block Truck Rule
The House Energy and Commerce Committee approved legislation that would strip the Environmental Protection Agency of some of its authority but would not block a proposal to regulate heavy- and medium-duty truck greenhouse gas emissions.
March 21, 2011BusinessFuel
Diesel Reaches $3.908 a Gallon
The average price of U.S. retail diesel rose for the 15th consecutive week, bumping up another 3.7 cents to $3.908 a gallon, nearly $1 higher than the comparable week of last year, according to the Department of Energy.
March 21, 2011BusinessFuel
Oil Closes Above $100 a Barrel
Crude oil closed above $100 Thursday after staying below that price for two days, Bloomberg reported.
March 18, 2011PerspectiveFuel
Opinion: Don’t Waste Your Precious Profits
Staggeringly high prices for fuel are with us again. The last time fuel prices were hovering in the neighborhood of $3.80 to $4.40 per gallon, many trucking companies fought back aggressively, using fuel conservation techniques and making sure drivers used the cheapest options available.
March 18, 2011BusinessFuel
Oil Rises Following Inventory Report
Oil rose modestly from a two-week low but remained under $100 a barrel Wednesday following a report that showed crude inventories rose last week.
March 16, 2011BusinessFuel
Oil Drops $4 to Near $97 a Barrel
Oil prices dropped sharply Tuesday, declining $4 to near $97 a barrel on lower demand in Japan due to the big earthquake and subsequent nuclear crisis in that country, Bloomberg reported.
March 15, 2011