Oil fell 36 cents Wednesday to close at $109.35 a barrel on the New York Mercantile Exchange, as several crude intake ports reopened on the Gulf Coast following Hurricane Gustav, Bloomberg reported.
September 3, 2008Fuel, Business, Government
Consumer Confidence Jumps on Lower Fuel Prices
U.S. consumer confidence this month rose by the most in four years in September, according to the Reuters/University of Michigan’s preliminary monthly consumer sentiment index, released Friday.
September 5, 2008Business, Fuel
Oil Dips for Fourth Straight Session
Fuel, Business, Logistics, Government
Diesel Slips 2.4¢ to $4.121
Despite Hurricane Gustav blowing through the Gulf of Mexico over the weekend, diesel fuel’s national average price fell 2.4 cents to $4.121 a gallon in a seventh straight decline, the Energy Department said Tuesday.
September 3, 2008Business, Fuel
Oil Falls Below $108 as Gustav Damage Appears Minimal
Crude oil fell more than $2 to below $108 a barrel in early trading Wednesday, as major oil firms said Hurricane Gustav did not cause any significant damage to Gulf of Mexico oil facilities over the weekend, Bloomberg reported.
September 3, 2008Fuel, Government, Business
EPA Approves Fuel Waiver for 16 Louisiana Parishes
The Environmental Protection Agency said it waived some clean fuel requirements for 16 parishes in the Louisiana until next Monday, Sept. 8, due to Hurricane Gustav, which hit the state Monday.
September 2, 2008Business, Fuel, Technology, Government
Forward Air to Acquire Service Express
Forward Air Corp. said Monday its wholly owned subsidiary, Forward Air Solutions Inc., has entered into an agreement to acquire certain assets of Service Express, a privately held provider of pool distribution and related services headquartered in Spartanburg, S.C.
September 2, 2008Business, Fuel, Technology, Equipment, Safety
Wright Express Completes International Acquisition
Wright Express Corp. said it completed its acquisition of Financial Automation Limited, a New Zealand-based international provider of fuel card processing software systems.
September 2, 2008Fuel, Business, Equipment
Kenworth Offers Synthetic Axle Lube as Standard
Kenworth Truck Co. will make standard on its Class 5-8 trucks a synthetic axle lube that will boost fuel economy by 1%, the company said.
September 2, 2008Business, Fuel
Oil Falls Below $110, as Gustav Spares Major Gulf Rig Damage
Crude oil fell more than $5 to below $110 a barrel Tuesday, a day after Hurricane Gustav made landfall, sparing the region similar damage done by two big hurricanes three years ago, Bloomberg reported.
September 2, 2008Business, Fuel, Government
Fuel Average Drops Again
The U.S. average price of retail diesel continued its descent last week, falling another 6.2 cents a gallon to $4.145, the Department of Energy reported.
September 1, 2008