The U.S. diesel average rose 0.3 cent to $1.983 last week, the first increase in 14 weeks, the Department of Energy reported. Two fleet executives told Transport Topics they did not expect to see pump prices to spike but did share concerns about how regional price and tax variances can create business pressures.
February 29, 2016GovernmentFuelBusiness
Alaska Fuel Tax Bill Moves With Trucking Industry Support
Gov. Bill Walker’s bill to increase state fuel taxes has support from some industry groups it would directly affect, including the Alaska Trucking Association.
February 25, 2016FuelBusiness
Veeder-Root, ABF Freight Sign Deal to Manage Fuel Costs
Veeder-Root, a supplier of fuel management software and hardware, announced a multiyear contract with less-than-truckload carrier ABF Freight, a subsidiary of ArcBest Corp., for bulk fuel-management services.
January 14, 2016BusinessFuel
Diesel Falls 4.9¢ to $2.235, Gas Rises Eight-Tenths to $2.034
The U.S. average retail diesel price fell for the seventh consecutive week and to the lowest point this year, down 4.9 cents a gallon to $2.235, the Department of Energy reported Dec. 28.
December 29, 2015BusinessFuel
European Truck Fuel Efficiency Stalls as US Continues to Tighten Emissions Standards
Trucks in the European Union are no more fuel-efficient than they were more than a decade ago, according to a report released Dec. 3, as calls increase for emissions from heavy-duty vehicles to be regulated in the same way as cars.
December 4, 2015BusinessFuel
Diesel Average Drops to Lowest Price Since June 2009
The U.S. average retail diesel price fell 3.7 cents a gallon to $2.445, its lowest point in nearly 6 1/2 years, the Department of Energy reported Nov. 23.
November 24, 2015GovernmentFuelBusiness
Georgia Truck Association, Carriers Sue Over Local Fuel Sales Tax
The Georgia Motor Truck Association and three carriers have filed a class action lawsuit against the state Department of Revenue alleging that a new law allowing cities and counties to impose a 1% per-gallon fuel sales tax is unconstitutional.
September 22, 2015Fuel
Diesel Drops 5.9¢ to $2.723; Lowest Price in Nearly Six Years
Diesel’s national average price tumbled to its lowest point in almost six years last week, falling 5.9 cents to $2.723 per gallon, according to a July 27 report from the Department of Energy. The last time diesel was lower than the current price was the week of Oct. 19, 2009, when it was $2.705.
August 3, 2015Fuel
Diesel Average Drops 3.2¢ to $2.782 for Eighth Straight Weekly Decline
The U.S. diesel average fell for the eighth straight week, sliding 3.2 cents a gallon to $2.782, the Department of Energy reported July 20.
July 27, 2015GovernmentFuelBusiness
GOP Congressman Proposes Fuel Tax Increase
Rep. Tom Rice (R-S.C.) introduced legislation that would raise federal fuel taxes by 10.1 cents per gallon, and index the new rate to inflation as a way to ensure the long-term solvency of the Highway Trust Fund.
July 9, 2015