The Department of Energy held its 2015 forecast for U.S. diesel prices at $2.88 a gallon but lowered its 2016 projection by 9 cents to $3.03.
June 9, 2015Business, Fuel
DOE Holds 2015 Diesel-Price Forecast at $2.88
Business, Fuel
Diesel National Average Drops 2.5¢ to $2.884 in Second Straight Decline
Diesel fuel’s national average price fell for a second consecutive week, sliding 2.5 cents to $2.884 a gallon, the Department of Energy said June 8.
June 8, 2015Business, Fuel
Despite Diesel’s Decline, Nat Gas Seen as Challenger to Oil’s Monopoly as Transportation Fuel
Despite the recent downturn in the price of oil, the use of natural gas as a transportation fuel could displace more than 1.5 million barrels a day of oil demand by 2030, according to a new report.
June 8, 2015Business, Fuel
California Drought, Texas Floods Cut Produce Truck Demand
California’s drought and Texas’ floods have softened freight demand and created a more stable environment for produce shipments, in sharp contrast to 2014’s painful price spikes and capacity constraints, industry officials said.
June 8, 2015Business, Fuel
OPEC to Maintain Current Oil Output
OPEC ministers extended their campaign to restrain rival oil producers by continuing to pump oil into a global supply glut and keeping their combined daily production target at 30 million barrels.
June 5, 2015Business, Fuel
Diesel Price Dips a Half-Cent to $2.909 in First Decline in Seven Weeks
Diesel’s average price dipped a half-cent to $2.909 a gallon, the first downturn in seven weeks, the Department of Energy reported June 1.
June 2, 2015Business, Fuel
TT Archives: Energy Crisis
A shortage of diesel fuel was headline news for trucking even before the Arab oil embargo in October 1973 led to long lines at the gas pump for motorists and calls for energy independence.
June 1, 2015Business, Fuel
Diesel Average Up 1¢ to $2.914 In 6th Consecutive Increase
Diesel’s average U.S. price rose 1 cent to $2.914 a gallon last week, the sixth straight increase, the Department of Energy reported.
June 1, 2015Fuel
Peterbilt Concerned About Federal GHG Requirements
DENTON, Texas — Peterbilt Motors Co. is eager to see how the upcoming second phase of federal greenhouse-gas regulation will tell truck makers how to score the carbon dioxide emissions from their vehicles.
May 29, 2015Business, Fuel
Crude Oil Price Falls Amid Ample US Supply, Output Gain
The price of oil fell in New York on May 27 on ample U.S. crude stockpiles as output surged to a record.
May 28, 2015