Diesel fuel will average $4.32 a gallon this year and next year, but will remain near $4.71 a gallon for the next few months, the Department of Energy said.
June 10, 2008FuelBusinessLogisticsGovernment
Diesel Falls 1.5瞽 to $4.692; Gas Tops $4 for First Time
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, 2008BusinessGovernmentFuel
Congress Tackles Splash-and-Dash 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 splash their product with petroleum-based diesel in the United States and then sell it overseas.
June 9, 2008GovernmentBusinessSafetyFuel
Diesel Price Dips 1.6瞽 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, 2008FuelBusiness
Biodiesel Firm Secures $15.5 Million Investment
Three institutional investors have put $15.5 million in financing into Innovation Fuels, an Albany, N.Y., company that makes and distributes biodiesel fuel worldwide, financial firm Credit Suisse said Tuesday.
June 3, 2008FuelBusinessGovernment
Diesel Dips 1.6瞽 to $4.707; Gas Gains 3.9瞽 to Record $3.976
The average price of retail diesel fuel fell for the first time in a month, dipping 1.6 cents from an all-time record high to an average $4.707 a gallon, the Department of Energy said.
June 3, 2008Government
Connecticut to Raise Diesel, Gas Taxes
Connecticut will raise its taxes on diesel and gasoline July 1, the Hartford Courant reported Tuesday.
June 3, 2008FuelBusinessGovernment
U.S. Refineries Restricting Diesel Supplies
U.S. diesel prices roared past gasoline in September, reversing the historic pattern because rising demand for diesel, coupled with the weak dollar, has led refiners to export the fuel even as their use of refinery capacity is at a four-year low, according to market experts.
June 2, 2008GovernmentBusinessSafetyLogisticsFuel
Diesel Soars Another 22.6瞽 to Record $4.723
Diesel continued to soar last week, jumping 22.6 cents to put the national average retail price at an unprecedented $4.723 a gallon, according to the Department of Energy.
June 2, 2008GovernmentBusinessFuel
Minnesota to Require 20% Biodiesel in 2015
Minnesota Gov. Tim Pawlenty (R) signed a bill that will require diesel sold in the state to contain 20% biodiesel content by 2015, the Associated Press reported.
May 30, 2008