Oil fell more than $2 Wednesday to a two-week low under $109 a barrel following a report that showed crude supplies reached a six-month high last week, Bloomberg reported.
May 4, 2011Perspective, Fuel
Opinion: Fuel’s Many Costs
Traditionally, fuel has been second only to drivers as the highest variable expense truckload companies face. Since the price of fuel probably isn’t going down anytime soon, this a good time for carriers interested in future prosperity to review the costs associated with fuel.
May 6, 2011Business, Fuel
Oil Tumbles to Below $100 a Barrel
Crude oil tumbled almost $10 to below $100 a barrel Thursday as commodities dropped the most in two years on concern that economic growth will slow, Bloomberg reported.
May 5, 2011Business, Fuel
Oil Falls to Two-Week Low Under $109
Business, Fuel
Diesel Resumes Rise, Gaining 2.6¢ to $4.124 a Gallon
Diesel resumed its rise after a one-week respite, gaining 2.6 cents to $4.124Â a gallon, the highest price since August 2008, while gasoline jumped 8.4 cents to $3.963, the Department of Energy said.
May 3, 2011Business, Fuel
Oil Drops After U.S. Says Bin Laden Killed
Oil prices dropped by the most in almost seven weeks on speculation that the killing of Osama bin Laden may ease the risk of Middle East supply disruptions, Bloomberg reported Monday.
May 2, 2011Editorial, Fuel
The Good With the Bad
Rapidly rising fuel costs are increasing concerns among analysts that the economic recovery could be jeopardized as consumers are pinched by rising prices at the pump and for other goods.
May 2, 2011Business, Fuel
Diesel Average Dips 0.7¢ as Crude Oil Price Stalls
The average retail price of U.S. diesel declined for only the second time in about four months last week, slipping 0.7 cent to $4.098 a gallon on the coattails of relatively stable crude oil prices, the Department of Energy said.
May 2, 2011Business, Fuel
Exxon, Shell Post Huge 1Q Profits on High Oil Prices
The world’s two largest oil companies Thursday reported multi-billion-dollar first-quarter profits, up from a year ago, on higher crude oil prices.
April 28, 2011Business, Fuel
Diesel Dips 0.7¢ to $4.098 a Gallon; Gasoline Gains 3.5¢ to $3.879
Diesel’s national average dipped less than a penny Monday, falling 0.7 cent to $4.098 a gallon, just the second downturn since Thanksgiving, the Department of Energy said Monday.
April 25, 2011Business, Fuel
Diesel Fuel, Gasoline Prices Spiral Higher
The surge in diesel prices continued last week, as the U.S. retail average rose 2.7 cents a gallon to $4.105, the Department of Energy reported.
April 25, 2011