U.S. and European regulators are considering stricter rules on speculation in oil markets due to concerns that sharp rises in fuel prices could worsen the global recession, the Wall Street Journal reported Wednesday.
July 8, 2009FuelBusinessGovernment
DOE Boosts ’09-’10 Fuel Price Outlook
The Energy Department Tuesday boosted its price forecasts for diesel, gasoline and crude oil for this year and 2010.
July 7, 2009FuelBusinessLogisticsGovernment
Diesel Falls 1.4¢ to $2.594
Diesel fuel’s national average price fell 1.4 cents to $2.594 a gallon, its second straight decline following almost two months of increases, the Energy Department said.
July 7, 2009BusinessFuelGovernmentEquipment
Safeway Fleet Set to Fill Tires With Nitrogen
Grocery retailer Safeway Inc. said it will begin inflating its truck and trailer fleet tires with nitrogen instead of compressed air.
July 6, 2009Fuel
Oil Falls Below $64 a Barrel
Oil fell to a five-week low below $64 a barrel Monday on concerns that global economic recovery will slow, hurting fuel demand, Bloomberg reported.
July 6, 2009GovernmentBusinessFuel
House OKs Bill With Cap-and-Trade Measure
In a vote divided largely along party lines, the House last week narrowly passed an energy bill that calls for the United States to reduce its greenhouse-gas emissions by 17% from 2005 levels by 2020 and includes a controversial cap-and-trade provision. The vote sends the measure to the Senate, where it likely faces a tough and long battle.
July 6, 2009BusinessFuelSafetyGovernment
DeFazio Seeks to Tax Oil Futures Contracts
A leading Democrat on the House Transportation and Infrastructure Committee proposed taxing speculative oil trades to kill two birds with one stone: Boost highway funding and reduce the effect of speculation on fuel prices.
July 6, 2009BusinessGovernmentFuel
EPA Approves Calif.’s Waiver Request to Regulate Greenhouse Gas Emissions
The Environmental Protection Agency last week approved California’s request for a federal waiver, allowing the state to immediately implement restrictions on greenhouse gas emissions from new cars and light trucks and reversing a Bush administration decision.
July 6, 2009GovernmentBusinessSafetyFuel
EPA Grants Calif. Waiver on Greenhouse Gas Emissions
The Environmental Protection Agency has granted California permission to set its own standards on greenhouse gas emissions from cars and light trucks.
June 30, 2009FuelBusinessLogisticsGovernment
Diesel Dips 0.8¢ to $2.608; Drop Is First in 2 Months
The average national price of diesel fuel fell for the first time in eight weeks, dipping 0.8 cent to $2.608 a gallon, the Department of Energy said.
June 30, 2009