Oil fell more than $2.50 Wednesday to finish the trading day at a seven-week low $101.47 a barrel, following a report that crude inventories took their biggest jump in four years, Bloomberg reported.
April 4, 2012Business, Fuel
Diesel Average Dips 0.5¢ for First Decline in 10 Weeks
Retail diesel prices dipped 0.5 cent last week to $4.142 a gallon, interrupting a price advance that had raised the price of trucking’s main fuel nearly 30 cents over the previous nine weeks, the Department of Energy reported.
April 9, 2012Business, Fuel
Oil Finishes Week Over $103 a Barrel
Oil rose almost $2 on Thursday to finish the trading week at $103.31 a barrel, following an earlier report that jobless claims fell to the lowest level in four years, Bloomberg reported.
April 6, 2012Business, Safety, Government, Fuel, Logistics, Autonomous
Quality Distribution Buys Energy Logistics Firm
Tank truck carrier Quality Distribution said late Monday that it has purchased Trojan Vacuum Services, a transportation provider for the oil and gas industry in the Eagle Ford shale region in Texas.
April 3, 2012Business, Fuel
Diesel Dips a Half-Cent to $4.142; Gasoline Rises Again
Diesel fell for the first time in 10 weeks, dipping half a cent to $4.142 a gallon, while gasoline rose for the 10th straight week, the Department of Energy said Monday.
April 3, 2012Business, Fuel
New CNG Station Opens in Oklahoma
Apache Corp., an oil and gas exploration and production company, has opened a public-access compressed natural gas fueling station in Tulsa, Okla.
April 3, 2012Business, Fuel
Oil Holds Near Six-Week Low $103 a Barrel
Oil rose slightly in early trading Monday but held near a six-week low just over $103 a barrel, Bloomberg reported.
April 2, 2012Business, Fuel
Truck, Engine Makers See Natural Gas as Practical Alternative to Diesel Fuel
LOUISVILLE, Ky.—Truck and engine manufacturers at the Mid-America Trucking Show here declared natural gas the victor in the industry’s search for a practical alternative fuel to diesel, saying they could have three different types of natural-gas engines by 2013 and a nationwide network of 100 fueling stations that offer it by 2014.
April 2, 2012Business, Fuel
DOE Considers Opening SPR, Official Says, as Diesel Rises 0.5¢
U.S. retail diesel prices edged up a half-cent a gallon last week, continuing a nine-week string of increases and bringing the national average to $4.147 a gallon, the Department of Energy reported.
April 2, 2012Business, Fuel
Oil Slips as Feds Consider Tapping SPR
Oil fell for the first time in four days Wednesday following a Department of Energy report that showed crude inventories rose, while the department considered tapping the government’s Strategic Petroleum Reserve, Bloomberg reported.
March 28, 2012