Oil prices rose almost $2 to a six-month high of more than $62 a barrel Wednesday after a Department of Energy report showed that inventories fell last week, Bloomberg reported.
May 20, 2009Search
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Obama Issues Stricter Auto Efficiency Rules
The Obama administration last week announced stricter requirements for automobile fuel efficiency and a first-ever national greenhouse gas reduction standard for cars and light trucks. Though heavy trucks are not immediately affected, an industry official suggested similar changes could be coming within the next decade.
May 25, 2009Fuel Price Hedgers Seeking Market Bottom
With fuel prices dramatically lower than just a year ago, carriers that engage in hedging are questioning whether the market is close enough to a bottom to begin locking in prices, according to several fuel-purchasing analysts.
May 25, 2009Diesel Inches Up to $2.231
The national diesel fuel average rose 1.5 cents a gallon last week, while gasoline posted a much larger 6.9-cent jump, widening the gap between the two fuels as gas stockpiles declined ahead of the traditional Memorial Day start of summer driving season.
May 25, 2009Obama Unveils New Emissions Standards
President Obama Tuesday outlined his administration鈥檚 comprehensive plan to curb emissions from cars and light trucks, saying the rules would cut dependence on imported oil and move the United States toward a 鈥渃lean energy鈥 economy, the Associated Press reported.
May 19, 2009Diesel Rises 1.5垄 to $2.231; Gas Gains 6.9垄
The national average price of diesel fuel rose for a second straight week, gaining 1.5 cents to $2.231 a gallon, the Department of Energy said.
May 19, 2009April Consumer Price Index Unchanged
The consumer price index was unchanged in April, though prices excluding food and fuel rose, the Labor Department said Friday.
May 15, 2009Trucking Hit by 鈥楶erfect Storm,鈥 Hebe Says
SAN DIEGO 鈥 A 鈥減erfect storm鈥 of a nose-diving economy, high fuel prices and governmental missteps have all combined to ravage the trucking industry and the companies that supply its equipment, according to Jim Hebe, senior vice president of North American sales for Navistar Inc.
May 18, 2009Volvo Backs Use of Longer, Heavier Trucks
BOSTON 鈥 Volvo Trucks joined the argument over allowing longer, heavier trucks on U.S. highways, saying Congress should allow them on the interstate system to relieve congestion, increase productivity, conserve fuel and cut greenhouse gas emissions.
May 18, 2009EPA鈥檚 Record Budget Plan Spurs Debate in Congress Over Carbon Emissions
Details of the Environmental Protection Agency鈥檚 record $10.5 billion fiscal 2010 budget proposal 鈥 a 37% increase 鈥 quickly set off a partisan debate in Congress last week over the agency鈥檚 plans to regulate greenhouse gas emissions.
May 18, 2009