The national average price of diesel fuel fell for a second straight week, dipping 1.5 cents to $4.692 a gallon, while gasoline rose above $4 for the first time, the Department of Energy said Monday.
June 10, 2008Fuel, Business, Logistics, Government
Diesel Falls 1.5瞽 to $4.692; Gas Tops $4 for First Time
Government, Business, Fuel
Saudi Arabia Seeks Meeting on Oil Prices
Saudi Arabia plans to call for a summit between oil-producing and consuming nations to discuss soaring crude prices, the Associated Press reported Monday.
June 9, 2008Business, Government, Fuel
Congress Tackles Splash-and-Dash Loophole Giving Tax Credit for Exported Biodiesel
Two bills circulating in Congress would eliminate a loophole that permits foreign producers of biodiesel to get a tax credit if they splash their product with petroleum-based diesel in the United States and then sell it overseas.
June 9, 2008Business, Fuel
Long Beach Port Approves Clean Trucks Plan
The Port of Long Beach, Calif., has approved the final details of its terms required for truckers to register for the ports new clean trucks program, scheduled to begin Oct. 1.
June 9, 2008Government, Business, Safety, Fuel
Diesel Price Dips 1.6瞽 to $4.707 a Gallon
The U.S. average diesel price took a break last week from its dizzying climb, dipping 1.6 cents a gallon to $4.707, the Department of Energy reported.
June 9, 2008Business, Fuel
Oil Jumps More Than $10 to Record $138.54 a Barrel
Crude oil jumped by a single-day record of more than $10 Friday close at a record $138.54 a barrel, marking an almost $16 increase over two days.
June 6, 2008Business, Safety, Government, Logistics, Fuel
Mullen Buys Fluid, Oilfield Transport Firm
Canadian transportation firm Mullen Group Income Fund said Thursday it would buy the transport unit of Essential Energy Services Trust for C$135 million.
June 5, 2008Business, Fuel
Oil Jump Erases Weeks Declines
Crude oil jumped more than $5 a barrel Thursday to close near $128 a barrel, erasing the declines from earlier in the week, and the Energy Department said it would delay scheduled oil deliveries to the Strategic Petroleum Reserve until next spring, Bloomberg reported.
June 4, 2008Business, Safety, Fuel
ATA Backs Oil-Market Investigation
American Trucking Associations said Wednesday that it supports the U.S. Commodity Futures Trading Commission for taking steps toward increasing transparency of the energy futures markets.
June 4, 2008Business, Safety, Fuel, Government
Letters to the Editor: Fuel-Protests, Fuel-Intermodal, Fuel-Surcharges, Troopers in Trucks, Border Pilot Program
The only way fuel prices will ever come back down to reasonable levels is for our nations truckers to park their rigs for three to seven days. Even drivers for major companies would need to park and refuse to drive.
June 4, 2008