Oil closed at over $80 a barrel for the first time in more than a week, following a Department of Energy report showing that fuel inventories fell last week, Bloomberg reported.
November 4, 2009Fuel, Government, Business
Panel OKs Cap-and-Trade Bill, Despite Republican Boycott
Democrats on the Senate Environment and Public Works Committee last week approved a cap-and-trade bill that opponents said would cause a spike in the cost of diesel fuel.
November 9, 2009Business, Fuel, Government
Diesel Gains 0.7¢ to $2.808
The sudden run-up of U.S. retail diesel fuel prices moderated last week, as the average price rose just 0.7 cent to $2.808 a gallon, the Department of Energy reported. Fleet executives, however, said the respite isn’t easing their cost pressures.
November 9, 2009Fuel, Business
Valvoline, Tech Firm tiwi Team to Boost Fleets’ Efficiency
GRAPEVINE, Texas — Lubricant maker Valvoline and technology firm tiwi have unveiled a program for over-the-road fleets that they guarantee will boost fuel efficiency by at least 4%.
November 6, 2009Fuel, Business
Oil Bounces Back Over $80 Following Inventory Report
Fuel, Business, Logistics, Government
Diesel Gains 0.7¢ to $2.808 a Gallon as Increases Slow
Diesel fuel’s national average retail price rose for a fourth straight week, though its increase slowed from recent weeks in a 0.7 cent gain to $2.808 a gallon, the Department of Energy said Monday.
November 3, 2009Business, Fuel, Safety, Government
Cap-and-Trade Would Be Costly for Trucking, ATA Official Windsor Warns at Hearing
WASHINGTON — A cap-and-trade climate bill would dramatically increase the cost of diesel fuel by as much as 88 cents a gallon, an American Trucking Associations official told a Senate committee last week.
November 2, 2009Business, Logistics, Fuel, Government
Diesel Jumps 9.6¢ to $2.801
U.S. diesel prices continued to surge as the national average rose another 9.6 cents a gallon to $2.801 last week, the highest level in nearly a year, the Department of Energy said.
November 2, 2009Business, Fuel
Oil Falls Below $79 a Barrel Following Inventory Report
Oil fell more than $1 to below $79 a barrel early Wednesday following a report that showed crude inventories improved last week, Bloomberg reported.
October 28, 2009Business, Fuel
Diesel Jumps 9.6¢ to $2.801; Gas Gains a Dime to $2.674
Diesel and gasoline both rose for a third straight week, with diesel jumping 9.6 cents to $2.801 a gallon, its highest level in almost a year, the Energy Department said.
October 27, 2009Fuel, Business, Logistics, Government
Gasoline Jumps 18¢ in Two Weeks, to $2.66 a Gallon
Regular gasoline jumped 18 cents in the past two weeks to a national average $2.66 a gallon, according to the latest Lundberg Survey of fuel prices.
October 26, 2009