MT. HOLLY, N.C. — President Obama has proposed a new federal tax credit to encourage truck fleets to purchase vehicles powered by natural gas or electricity.
March 7, 2012Editorial, Fuel
Editorial: Resisting the Fuel Price Spiral
Fuel prices are again big news, as the national average for a gallon of retail diesel climbed to almost $4.10, well above that strong $4-a-gallon psychological threshold.
March 12, 2012Business, Fuel
Obama Touts Natural Gas for Trucking
MOUNT HOLLY, N.C. — President Obama proposed a federal tax credit designed to encourage the trucking industry to move toward natural-gas and electric vehicles by helping underwrite their higher acquisition costs.
March 12, 2012Business, Fuel
Diesel Gains 4.3¢ to $4.094 a Gallon
Retail diesel prices advanced an additional 4.3 cents a gallon to a national average of $4.094 last week, a level not seen in 10 months, the U.S. Department of Energy reported.
March 12, 2012Business, Fuel
Oil Finishes Week Over $107 a Barrel
Oil rose for a third day, finishing the trading day over $107 a barrel for the first time in 10 days, Bloomberg reported.
March 9, 2012Business, Fuel, Government
Trade Gap Is Highest in More Than Three Years
The U.S. trade deficit widened in January to its highest level since October 2008, the Commerce Department said Friday.
March 9, 2012Business, Fuel
Obama Proposes Tax Credit for Natural Gas, Electric Trucks
Business, Fuel
Oil Rises From Two-Week Low
Oil rose from a two-week low in early trading Monday on forecasts that U.S. fuel supplies are declining, Bloomberg reported.
March 7, 2012Business, Fuel
Diesel Rises Again, Gaining 4.3¢ to $4.094
Diesel rose for the eighth week in the past nine, gaining 4.3 cents to $4.094, its highest price in 10 months, while gasoline jumped again, the Department of Energy said.
March 6, 2012Business, Fuel
One Leg of Keystone Pipeline to Be Built
Trans Canada said it plans to build the portion of the Keystone XL Pipeline that would run from Cushing, Okla., to Texas refineries as a stand-alone project that could be completed next year.
March 5, 2012Business, Fuel
Oil Trades Near Four-Day Low
Oil fell to near a three-day low in early trading Monday after a report on projected lower demand in China, Bloomberg reported.
March 5, 2012