Oil prices will average just over $40 a barrel this year due to subdued demand and the likelihood a tentative agreement by leading producers to freeze output will do little to drain a supply glut, a Reuters poll showed Feb. 29.
February 29, 2016BusinessFuel
Diesel Rises 0.3¢ to $1.983; First Increase in 14 Weeks
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, 2016BusinessFuel
Diesel Bumps Up Three-Tenths a Cent to $1.983
The national average retail price of diesel fuel climbed ever so slightly, ending 14 consecutive declines, the Department of Energy reported.
February 22, 2016BusinessFuel
Truck Sales Dip in January
U.S. retail sales of Class 8 vehicles nearly reached 16,000 in January, but analysts said the anticipated softening in demand has taken hold.
February 22, 2016BusinessFuel
Diesel Average Tumbles Below $2 for First Time Since February 2005
The national average retail price of diesel fuel fell below $2 a gallon, passing yet another long-standing threshold after setting an 11-year low the previous week, the Department of Energy reported.
February 22, 2016BusinessFuel
Diesel Falls to Below $2 a Gallon
The average diesel retail price fell 2.8 cents last week to $1.980 a gallon, the lowest price since Jan. 24, 2005, when it was $1.959.
February 16, 2016BusinessFuel
Diesel Hits 11-Year Low
The average diesel retail price fell 2.3 cents last week to $2.008 a gallon, the lowest price in nearly 11 years, when it was $1.986.
February 15, 2016BusinessFuel
Former Pilot Flying J President Charged in Fuel-Rebate Scam
Former Pilot Flying J President Mark Hazelwood and seven other former company sales executives were indicted last week on federal charges related to an illegal multimillion-dollar diesel fuel-rebate conspiracy.
February 15, 2016BusinessFuel
Profile: Who Is Indicted Ex-Pilot Flying J President Mark Hazelwood?
Mark Hazelwood was once a fast-rising executive at the largest truck-stop chain in the United States. Now he's facing what could be the fight of his life, after federal indictment on charges of fraud and witness tampering.
February 10, 2016