Oil rose almost $3 Wednesday to more than $71 a barrel — its biggest single-day gain since September — following several positive economic indicators, Bloomberg reported.
May 26, 2010Government, Business, Fuel
Details of Plan to Raise Truck Fuel Economy Remain to Be Spelled Out, Observers Say
WASHINGTON — A week after President Obama announced that the federal government would be crafting the first-ever fuel economy standards for large trucks, observers said it was still unclear exactly what those standards would entail.
May 31, 2010Business, Fuel
Diesel Drops 7.3¢ to $3.021
The average retail price paid for a gallon of diesel dropped 7.3 cents to $3.021 last week, the Energy Department said, as the biggest one-week decline in nearly 18 months followed a recent slide in crude oil prices.
May 31, 2010Business, Fuel, Government, Logistics
Expeditors Sees Air, Ocean Tonnage Increase
Logistics firm Expeditors International of Washington said airfreight tonnage has risen 40% in the first three months of 2010 compared to last year, the Associated Press reported.
May 28, 2010Business, Fuel
Oil Takes Biggest Gain Since September
Business, Fuel
Oil to Reach $108 a Barrel by 2020, DOE Predicts
Rising demand will push oil prices past $108 per barrel by 2020, the Department of Energy said.
May 25, 2010Government, Fuel
DOT Study Identifies Possible Fuel Efficiency Strategies
A new Department of Transportation study hints that the Obama administration’s ambitious plans to increase heavy truck fuel efficiency and reduce greenhouse gases emissions will likely rely on a combination of existing aerodynamic design technologies and future diesel engine modifications that have barely left the laboratory or are still under development.
May 25, 2010Business, Fuel
Diesel Drops 7.3¢ to $3.021
Diesel took its biggest drop in almost a year and a half, declining 7.3 cents to $3.021 a gallon, while gasoline also tumbled, the Department of Energy reported.
May 25, 2010Business, Fuel
Gasoline Drops 9¢ in Past Two Weeks to $2.83 a Gallon
Regular gasoline’s national average price fell 9 cents in the past two weeks to $2.83 a gallon, according to the latest Lundberg Survey of fuel prices released Sunday.
May 24, 2010Business, Fuel
Truckers Oppose Mandate for Biodiesel in Canada
Canadian truckers called on their federal government to junk its plan to implement a national 2% biodiesel mandate, saying that a government study found the cost of the mandate would be nearly five times greater than the benefit.
May 24, 2010Business, Government, Safety, Fuel, Logistics, Autonomous
U.S. to Set Truck Fuel Goals
The Obama administration was set last week to outline a path to national fuel-economy standards for large trucks, bringing industry and government officials to the White House to announce a plan that could aim at driving habits as well as equipment changes to reduce fuel use.
May 24, 2010