The U.S. average retail price of diesel rose 0.3 cent to $3.163 a gallon, the Department of Energy reported, while crude climbed to $63.14, the highest level in almost three weeks amid opposing supply-and-demand signals.
May 20, 2019Search
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Perspective: The Time to Act on Infrastructure Is Now
It is one of the greatest networks built in the history of mankind. From the Evergreen State of Washington to the Sunshine State of Florida and from the Golden State of California to the Pine Tree State of Maine — more than 45,000 miles of interstate highways connect us from coast to coast. Whether carrying food from the farm to the table, or goods from the factory floor to store shelves, interstate highways are the lifeblood of our nation’s commerce.
May 22, 2019Gas-Tax Hike Is in Play as Trump Weighs Infrastructure Politics
The Trump administration hasn’t ruled out increasing the gas tax to help finance a $2 trillion infrastructure plan, but the idea has little support among officials who are wary of a politically risky move heading into the 2020 election.
May 17, 2019US Gasoline Traders Would Rather Export Than Ship to New York
The busiest U.S. fuel pipeline is running below capacity, as Gulf Coast refiners get fatter margins exporting to Latin America than shipping to New York.
May 16, 2019Oil Advances as Shrinking US Gasoline Supply Brightens Outlook
Oil rose after a government report showed shrinking U.S. gasoline supplies, suggesting more demand ahead for crude as tensions flare in the Middle East.
May 15, 2019Diesel Drops 1.1¢ to $3.16 a Gallon; Oil Slides to $61 a Barrel
The U.S. average retail price of diesel fell 1.1 cents to $3.160 a gallon. Oil prices slipped to $61 a barrel as the United States and China imposed higher tariffs on the other’s goods, which chilled the outlook for demand.
May 13, 2019Lawmakers Mull Funding Options for $2 Trillion Infrastructure Deal
WASHINGTON — More than a week after President Donald Trump and congressional Democrats elevated a $2 trillion infrastructure package for lawmakers’ legislative agenda, stakeholders are speaking up about their funding preferences in advance of a planned meeting between the White House and transportation policymakers to discuss how to pay for the initiative.
May 9, 2019Lawmakers Introduce Bill to Repeal Federal Excise Tax on New Trucks
Two members of the U.S. House of Representatives recently introduced legislation aimed at repealing the 12% federal excise tax on certain heavy-duty trucks, tractors and trailers.
May 7, 2019Diesel Climbs 0.2¢ to $3.171
The U.S. average retail price of diesel climbed 0.2 cent to $3.171 a gallon, as crude oil prices settled below $63 amid international tensions, the Department of Energy reported May 6.
May 6, 2019Agreement Solidifies First Victory for Trump’s Attempts at ‘Infrastructure Week’
The April 30 meeting between President Donald Trump and congressional Democrats produced an agreement on a $2 trillion infrastructure package. The next step, which will occur within the next three weeks, is to discuss funding. Here's your Capitol Agenda look ahead at the week for trucking on Capitol Hill.
May 6, 2019