Oil prices rose from a seven-month low in early trading Monday but held under $92 a barrel, after declining for six straight trading days, Bloomberg reported.
May 21, 2012BusinessFuel
Gasoline Falls 6¢ to $3.78, Lundberg Survey Reports
Gasoline’s national average pump price fell 6 cents in the past two weeks to $3.78 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
May 21, 2012BusinessFuel
Diesel Prices Drop Another 5.3¢ to $4.004 per Gallon
Retail diesel prices retreated another 5.3 cents to $4.004 a gallon last week, the Department of Energy reported, as crude oil prices sank to their lowest levels of the year.
May 21, 2012BusinessFuel
Volvo Trucks Planning 13-Liter LNG Engine
MIAMI — Volvo Trucks plans to introduce a new 13-liter liquefied natural gas engine for its North American over-the-road customers in 2014, the latest development in the fast-growing move to natural gas products, company officials said Friday.
May 18, 2012BusinessFuel
Natural Gas Prices May Double by 2015, FT Reports
U.S. natural gas prices may double from recent 10-year lows by 2015 as more of the fuel is used in transportation, the Financial Times reported May 17, citing an oil company executive.
May 17, 2012BusinessFuel
Oil Closes at Six-Month Low Under $93 a Barrel
Oil fell more than $1 Wednesday to finish the trading day at six-month-low under $93 a barrel, Bloomberg reported.
May 16, 2012BusinessFuel
Diesel Drops 5.3¢ to Near $4 a Gallon, in Biggest Decline This Year
Diesel took its biggest decline in five months, falling 5.3 cents to $4.004 a gallon, and gasoline fell for a sixth week, the Department of Energy reported.
May 15, 2012BusinessFuel
Electric Class 8 Truck Offered for Short Hauls
Balqon Corp., which makes electric-powered heavy-duty trucks, has introduced a new Class 8 tractor for inner city and shorthaul drayage service.
May 14, 2012BusinessFuel
Diesel Slips for Fourth Straight Week
Retail diesel prices declined for a fourth week, with the national average dipping 1.6 cents to $4.057 a gallon, the Department of Energy reported, while crude oil futures fell to the lowest levels in three months.
May 14, 2012BusinessFuel
Oil Finishes Week at 2012 Low
Oil fell almost $1 a barrel Friday, finishing the week at $96.13, its lowest closing price this year, Bloomberg reported.
May 11, 2012