Diesel rose 0.5 cents to $4.147 a gallon, its highest price since the record-setting summer of 2008, while gasoline rose more than a nickel, the Department of Energy reported.
March 27, 2012BusinessFuel
Gasoline Gains 11¢ to $3.93, Lundberg Says
Gasoline rose 11 cents in the past two weeks to a national average $3.93 per gallon, but the price may be leveling off with oil prices stable, according to the latest Lundberg Survey of filling stations released Sunday.
March 26, 2012BusinessFuel
Natural Gas Takes Center Stage at Mid-America
LOUISVILLE, Ky. — The nation’s largest annual trucking show here last week illustrated just how much the U.S. truck market has been reinvigorated, as more-prosperous equipment manufacturers eagerly chased the business of solid, stable motor carriers.
March 26, 2012BusinessFuel
U.S. Distillate Exports Rising, Even as Diesel Reaches $4.142
Even as U.S. diesel prices rose last week to the highest levels since 2008, the United States is continuing to export more of the fuel overseas, according to Department of Energy figures.
March 26, 2012BusinessFuel
Oil Rises Over $107 Following Iran Report
Oil rose almost $2 to more than $107 a barrel Friday following a report that Iranian crude exports may drop due to sanctions, Bloomberg reported.
March 23, 2012BusinessFuel
Oil Falls Below $105 a Barrel
Oil fell more than $2 to below $105 a barrel Thursday, the lowest level in more than two weeks, Bloomberg reported.
March 22, 2012BusinessFuel
Cummins Kicks Off Natural Gas Theme at MATS With New Engine
LOUISVILLE, Ky. — Engine maker Cummins Inc. told reporters here that the company is moving forward with spark-ignition natural gas engines with a heavy-duty 12-liter engine now, and a 15-liter model in two or three years.
March 22, 2012BusinessFuel
Oil Rises Following Biggest Drop in Three Months
Oil rose in early trading Wednesday to just over $106 a barrel following the biggest drop in three months on Tuesday, Bloomberg reported.
March 21, 2012BusinessFuel
Diesel Rises 1.9¢ to $4.142; Price Is Highest Since August 2008
Diesel rose 1.9 cents to $4.142 a gallon, its highest price since the record-setting summer of 2008, while gasoline also rose, the Department of Energy reported.
March 20, 2012BusinessFuel
Clean Energy Fuels Posts Quarterly Loss
Clean Energy Fuels Corp. reported a $20.9 million loss, or 29 cents per share, in the fourth quarter, compared with a profit of $13.8 million, or 18 cents a share, in the year-earlier period.
March 19, 2012