The national average price of diesel fuel fell for a second straight week, dipping 1.5 cents to $4.692 a gallon, while gasoline rose above $4 for the first time, the Department of Energy said Monday.
June 10, 2008Fuel, Business, Equipment, Government
Trucking Consolidation Seen Benefiting Surviving Firms
Soaring fuel prices have driven trucking bankruptcies up 143% over the same time last year, and industry analysts said the market may need to consolidate more before it improves for those companies that survive, the Associated Press reported.
June 10, 2008Business, Fuel, Government
U.S. Trade Deficit Jumps 7.8% on Energy Costs
The U.S. trade deficit grew 7.8% in April to the highest level in more than a year, on surging energy costs, the Commerce Department said Tuesday.
June 10, 2008Fuel, Business, Logistics, Government
Diesel Falls 1.5垄 to $4.692; Gas Tops $4 for First Time
Government, Business, Fuel
Saudi Arabia Seeks Meeting on Oil Prices
Saudi Arabia plans to call for a summit between oil-producing and consuming nations to discuss soaring crude prices, the Associated Press reported Monday.
June 9, 2008Business, Government, Fuel
Congress Tackles 鈥楽plash-and-Dash鈥 Loophole Giving Tax Credit for Exported Biodiesel
Two bills circulating in Congress would eliminate a loophole that permits foreign producers of biodiesel to get a tax credit if they 鈥渟plash鈥 their product with petroleum-based diesel in the United States and then sell it overseas.
June 9, 2008Business, Fuel
Long Beach Port Approves Clean Trucks Plan
The Port of Long Beach, Calif., has approved the final details of its terms required for truckers to register for the port鈥檚 new clean trucks program, scheduled to begin Oct. 1.
June 9, 2008Government, Business, Safety, Fuel
Diesel Price Dips 1.6垄 to $4.707 a Gallon
The U.S. average diesel price took a break last week from its dizzying climb, dipping 1.6 cents a gallon to $4.707, the Department of Energy reported.
June 9, 2008Business, Fuel
Oil Jumps More Than $10 to Record $138.54 a Barrel
Crude oil jumped by a single-day record of more than $10 Friday close at a record $138.54 a barrel, marking an almost $16 increase over two days.
June 6, 2008Business, Safety, Government, Logistics, Fuel
Mullen Buys Fluid, Oilfield Transport Firm
Canadian transportation firm Mullen Group Income Fund said Thursday it would buy the transport unit of Essential Energy Services Trust for C$135 million.
June 5, 2008Business, Fuel
Oil Jump Erases Week鈥檚 Declines
Crude oil jumped more than $5 a barrel Thursday to close near $128 a barrel, erasing the declines from earlier in the week, and the Energy Department said it would delay scheduled oil deliveries to the Strategic Petroleum Reserve until next spring, Bloomberg reported.
June 4, 2008