Oil prices rose almost $2 to a six-month high of more than $62 a barrel Wednesday after a Department of Energy report showed that inventories fell last week, Bloomberg reported.
May 20, 2009BusinessFuelGovernment
Fuel Price Hedgers Seeking Market Bottom
With fuel prices dramatically lower than just a year ago, carriers that engage in hedging are questioning whether the market is close enough to a bottom to begin locking in prices, according to several fuel-purchasing analysts.
May 25, 2009BusinessFuelGovernment
Senate Confirms Heads for FAA, FTA
The Senate late Thursday confirmed Randy Babbit, former president of the Air Line Pilots Association, as the administrator of the Federal Aviation Administration.
May 22, 2009GovernmentBusinessSafetyFuel
Obama Unveils New Emissions Standards
President Obama Tuesday outlined his administration’s comprehensive plan to curb emissions from cars and light trucks, saying the rules would cut dependence on imported oil and move the United States toward a “clean energy” economy, the Associated Press reported.
May 19, 2009FuelBusinessLogisticsGovernment
Diesel Rises 1.5¢ to $2.231; Gas Gains 6.9¢
The national average price of diesel fuel rose for a second straight week, gaining 1.5 cents to $2.231 a gallon, the Department of Energy said.
May 19, 2009BusinessGovernmentSafetyFuel
Trucking Hit by ‘Perfect Storm,’ Hebe Says
SAN DIEGO — A “perfect storm” of a nose-diving economy, high fuel prices and governmental missteps have all combined to ravage the trucking industry and the companies that supply its equipment, according to Jim Hebe, senior vice president of North American sales for Navistar Inc.
May 18, 2009BusinessGovernmentSafetyFuel
EPA’s Record Budget Plan Spurs Debate in Congress Over Carbon Emissions
Details of the Environmental Protection Agency’s record $10.5 billion fiscal 2010 budget proposal — a 37% increase — quickly set off a partisan debate in Congress last week over the agency’s plans to regulate greenhouse gas emissions.
May 18, 2009BusinessGovernmentFuelTechnologyEquipmentSafety
Volvo Backs Use of Longer, Heavier Trucks
BOSTON — Volvo Trucks joined the argument over allowing longer, heavier trucks on U.S. highways, saying Congress should allow them on the interstate system to relieve congestion, increase productivity, conserve fuel and cut greenhouse gas emissions.
May 18, 2009FuelBusinessGovernment
April Consumer Price Index Unchanged
The consumer price index was unchanged in April, though prices excluding food and fuel rose, the Labor Department said Friday.
May 15, 2009FuelBusiness
Diesel to Average $2.26 This Year, DOE Says
The Energy Department said diesel fuel will average $2.26 a gallon this year, down 4 cents from a previous forecast and well below the $3.80 average of last year.
May 13, 2009