The U.S. trade deficit declined 13% in October as a weaker dollar boosted U.S. exports, the Commerce Department said Friday.
December 10, 2010Business, Fuel
Oil Trading Near $90 a Barrel on High Demand
Oil traded near a two-year high close to $90 early Monday as a report showed continued high demand in China, Bloomberg reported.
December 13, 2010Editorial, Business, Fuel
The Return of the Oil Speculators
There are worrisome signs that commodities speculators are returning to the nation’s fuel markets, pushing prices higher than the normal forces of supply and demand would warrant.
December 13, 2010Business, Fuel
Biodiesel Producers Can Meet Mandate Despite Lack of Tax Credit, Experts Say
U.S. biomass-based diesel producers have the capacity to meet an 800 million-gallon federal mandate in 2011, despite a marked decline in biodiesel production over the past year and a failure by Congress so far to reinstate a $1 per gallon biodiesel tax credit, according to the U.S. Environmental Protection Agency and industry experts.
December 13, 2010Business, Fuel
Diesel Rises 3.5¢ to $3.197
U.S. retail fuel prices jumped last week, reversing declines over the past two weeks, as the average cost of a gallon of diesel rose 3.5 cents to reach $3.197, the U.S. Department of Energy reported.
December 13, 2010Business, Fuel, Government
U.S. Trade Deficit Drops 13% in October
Business, Fuel
Oil Slips After Topping $90 a Barrel
Oil declined Wednesday a day after topping $90 a barrel, following a Department of Energy report that showed higher gasoline and diesel inventories, Bloomberg reported.
December 8, 2010Business, Fuel
Diesel to Average $3.23 Next Year, DOE Says
Diesel will continue to rise into next year, averaging $3.23 at the pump in 2011, the Department of Energy said in its monthly report.
December 7, 2010Business, Fuel
Diesel Rises 3.5¢ to Two-Year High of $3.197 a Gallon
Diesel increased 3.5 cents to $3.197 a gallon, reaching its highest pump average in more than two years, the Department of Energy said Monday.
December 6, 2010Fuel, Business, Logistics
EPA Completes 2011 Renewable Fuel Standard
The U.S. Environmental Protection Agency last week finalized its 2011 national renewable fuel standard, calling for the production of 800 million gallons of biodiesel, up from 650 million gallons in 2010.
December 6, 2010Business, Safety, Fuel, Government
ATA Petitions PHMSA to Make It Easier to Use Consolidation Bins for Hazmats
American Trucking Associations last week asked the Pipeline and Hazardous Materials Safety Administration to facilitate the use of consolidation bins in transporting small packages of hazmat materials.
December 6, 2010