fuel News Updates

Fuel

Diesel Avg. Falls 2.5¢ to $3.869, Lowest Level Since November

The U.S. diesel average fell 2.5 cents last week to $3.869 a gallon, the lowest level since just before Thanksgiving, the Department of Energy reported.

July 28, 2014
Fuel

Fleets Plan More Leasing, Alt-Fuel Use, Survey Shows

About a quarter of companies expect to increase the size of their fleets in the next 12 months, with leasing being the most popular choice for obtaining new vehicles, according to a recently released survey by GE Capital.

July 7, 2014
Fuel

Diesel Dips 1¢ to $3.882; Oil Up on Violence in Iraq

The national retail diesel average fell for a seventh straight week and the 12th time in the past 14 weeks, the Department of Energy reported, but analysts said that could soon come to an end as concern over violence in Iraq has pushed up prices for oil and diesel futures.

June 23, 2014
Fuel, Business

ATA Willing to Back New Options to Solve Highway Funding Crisis

American Trucking Associations said it would support such measures as a tax on crude oil, a national highway fee on cars and trucks and repatriation of corporate profits held overseas to pay for highways, given the transportation funding crisis and Congress’ refusal to raise fuel taxes.    

May 26, 2014
Fuel, Business

Senator Urges Fuel-Tax Hike to Pay for Transport Spending

WASHINGTON — Sen. Tom Carper (D-Del.) said Congress should approve modest increases to the federal fuel taxes as a way to finance the six-year transportation reauthorization bill and raise revenue for the Highway Trust Fund, which is quickly running out of money.

May 19, 2014
Perspective, Fuel

Opinion: Focus on Fuel Standards

As today’s trucking leaders look closely at new policies aimed at developing higher minimum fuel standards for medium-duty and heavy-duty trucks, we also recognize opportunities for bringing consumer costs under control and strengthening the economy while reducing dependence on foreign oil, lowering carbon emissions and minimizing business costs.

April 28, 2014
Government, Fuel, Business

N.H. Lawmakers Vote to Increase Fuel Taxes

New Hampshire lawmakers voted to raise the state’s 19.625-cent fuel tax by 4 cents starting July 1.

April 23, 2014
Fuel

Warburg Pincus Agrees to Buy EFS

Private-equity firm Warburg Pincus announced an agreement to acquire Electronic Funds Source, which provides fuel card and other fleet-payment services.

April 18, 2014
Fuel

ATA Forms Special Committee to Study Road-Fund Options

NASHVILLE, Tenn. — A specially formed committee of carrier executives will meet in Dallas this month to discuss ways to raise funds to pay for the next highway bill other than through a fuel-tax increase, American Trucking Associations Chairman Philip Byrd Sr. said.

March 17, 2014
Special Coverage, Fuel, Business

FuelDefend Expands Product Lineup

NASHVILLE, Tenn. — FuelDefend Global Ltd., a provider of anti-siphoning devices to prevent fuel theft, announced several additions to its lineup.

March 10, 2014