Wholesale prices in the United States declined in December from the prior month, showing inflation remains well-contained as Federal Reserve officials weigh further increases in the benchmark interest rate.
January 15, 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
Brent Crude Oil Dips Below $30 a Barrel for First Time Since 2004
Brent oil dropped below $30 a barrel for the first time since April 2004 on speculation Iranian shipments will soon climb.
January 14, 2016BusinessFuel
Electric Trucks Already in Service in California, but Obstacles to Widespread Use Remain
Those who think that electric trucks are a pie in the sky idea dreamed up by an environmentalist, meet Michael Simon.
January 13, 2016BusinessFuel
Oil Trades Near 12-Year Low as US Surplus Seen Worsening
Oil rose from the lowest close in more than 12 years in New York as volatility climbed amid speculation that prices have fallen too fast.
January 12, 2016BusinessFuel
Diesel Falls to $2.177, Down 3.4¢; Gasoline Below $2
The U.S. average retail diesel price fell for the ninth consecutive week, down 3.4 cents a gallon to $2.177, the Department of Energy reported Jan. 11.
January 11, 2016BusinessFuel
Oil Seen Heading to $20 on Dollar Strength, Morgan Stanley Analysts Say
A rapid appreciation of the U.S. dollar may send Brent oil to as low as $20 a barrel, according to Morgan Stanley.
January 11, 2016BusinessFuel
Diesel Drops 2.4¢ to $2.211; Oil Inventories Hit New Peak
The U.S. average retail diesel price fell for the eighth consecutive week, dropping 2.4 cents a gallon to $2.211, as oil inventories stood at the highest point in nearly a century, the Department of Energy reported Jan. 4. Â Â
January 11, 2016BusinessFuel
Oil Near 12-Year Low as China Volatility Stays in Focus
Oil traded near a 12-year low Jan. 8 as investors focused on volatility in Chinese markets after the country sought to quell losses in equities and stabilize its currency.
January 8, 2016GovernmentBusinessFuelSafety
Kentucky Gov. Matt Bevin Cuts Transportation Budget
Gov. Matt Bevin’s first move on transportation in Kentucky was to slash $112.5 million from the state budget in that area because of a revenue shortfall blamed on less money coming in from fuel taxes.
January 6, 2016