The long-running battle over New Jersey’s Transportation Trust Fund could be on the verge of ending. New Jersey’s Senate and Assembly voted on Oct. 7 to provide $2 billion annually to the transportation fund for the next eight years, thanks to tax increases of 27 cents per gallon on diesel and 23 cents per gallon on gasoline.
October 7, 2016GovernmentFuelBusiness
Chris Christie Announces Deal for 23-Cent Gas Tax Increase for N.J.
New Jersey Gov. Chris Christie on Sept. 30 announced a deal with Democratic legislative leaders to add 23 cents per gallon to New Jersey’s 14.5-cent gasoline-tax levy and reduce consumer taxes elsewhere.
October 4, 2016BusinessFuel
Diesel Increases 6¢ to $2.370; Gasoline Rises 4.4¢ to $2.193
The U.S. diesel average price rose 6 cents to $2.370 per gallon last week, the Department of Energy reported, as demand for the fuel rose.
August 29, 2016BusinessFuel
Study Finds Continued Savings for 17 Fleets Through Use of Fuel-Efficient Technologies
Seventeen trucking fleets realized a 3% increase in fuel savings in 2015, equally about a half-billion dollars, compared with the national average by adopting fuel-efficient technologies, according to a new report from the North American Council for Freight Efficiency.
August 29, 2016BusinessFuel
National Average Diesel Price Falls Again, Down 0.6¢ to $2.310
The U.S. average retail price of diesel fell 0.6 cent to $2.310, according to the Department of Energy, while oil prices rallied.
August 15, 2016BusinessFuel
Diesel Falls 3.2¢ to $2.316; Gasoline Dips 0.9¢ to $2.15
The U.S. average retail price of diesel fell 3.2 cents to $2.316, according to the Department of Energy, while oil prices continued to hover below $50 a barrel.
August 15, 2016BusinessFuel
Diesel Drops 3.2¢ to $2.316
The U.S. average retail price of diesel fell 3.2 cents to $2.316, according to the Department of Energy, while oil prices climbed out of last week’s bear market.
August 8, 2016Fuel
Toys “R” Us Employee Pleads Guilty to $2 Million Fuel Card Theft
A Toys "R" Us employee pleaded guilty in a Brooklyn, New York, federal court on July 14 to a criminal fraud charge, after being accused of stealing nearly $2 million meant to help truck drivers cover their costs and putting it on a debit card.
July 14, 2016BusinessFuel
Diesel Rises 2.4¢ to $2.431
The U.S. retail diesel average climbed 2.4 cents to $2.431, the Department of Energy reported, while the volatile price of crude oil slipped below $50 per barrel.
June 13, 2016BusinessFuel
Diesel Average Rises 6¢ to $2.357
As crude oil prices continued to advance, the U.S. retail average price of diesel and gasoline rose with it, both jumping about 6 cents per gallon.
May 30, 2016