Diesel’s national average price declined for the eighth consecutive week, dropping 3.2 cents to $2.782 per gallon, according to a report from the Department of Energy on July 20. The average price of gasoline fell by the identical amount.
July 20, 2015Search
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Crude Falls Below $50 for First Time Since April on Glut Concerns
Crude slumped below $50 a barrel in New York for the first time in more than three months on speculation that Iranian shipments will climb, extending a global glut.
July 20, 2015Brent Crude Holds Losses as Iranian Supply Counters Drop in US Rigs
Brent crude held losses after a third weekly decline as investors weighed the prospect of increased Iranian supplies against a drop in U.S. drilling rigs.
July 20, 2015Gas Tops Diesel for First Time Since ’09 as Calif. Refinery Outages Pinch Supply
The national average price of diesel fuel fell below gasoline for the first time in almost six years after diesel dipped and soaring gas prices in California caused the fuel’s national figure to jump.
July 20, 2015Marten Transport, CSX Profits Rise 5%; Lower Fuel Prices Aid Both in 2nd Qtr.
Marten Transport Ltd. and CSX Corp. last week kicked off the reporting season for second-quarter earnings with each posting 5% growth in profits.
July 20, 2015OEMs Expand Air Disc Brake Offerings; Cost, Maintenance Concerns Slow Adoption
After years of accounting for just a single-digit share of the heavy-truck brake market, air disc brakes are enjoying double-digit growth, and suppliers are optimistically predicting the systems will capture a quarter of the foundations brake market within a few years.
July 20, 2015EPA Suing Navistar Over 2010 Engines
The U.S. Environmental Protection Agency on July 14 filed a lawsuit against truck maker Navistar International Corp. alleging that the company in 2009 began the manufacture of 7,750 heavy-duty diesel engines it offered for sale in calendar year 2010 that did not meet emissions standards applicable to 2010 engines.
July 16, 2015Energy Prices Help Spending, Hinder Manufacturing, Beige Book Report Says
U.S. economic activity continued to expand from mid-May through June, with lower energy prices helping to boost consumer spending but remaining a drag on manufacturing, the Federal Reserve said July 15.
July 15, 2015Diesel Average Drops 1.8¢ to $2.814 Per Gallon in Seventh Consecutive Decline
Diesel’s national average price declined for the seventh consecutive week, slipping 1.8 cents to $2.814 per gallon, the Department of Energy reported July 13. That makes diesel $1.08 cheaper than a year ago, DOE said after its weekly survey of filling stations. But gasoline climbed 4.1 cents to $2.834.
July 13, 2015Eco Flow Votes to Join Teamsters
Port truck drivers from Eco Flow Transportation voted to join the Teamsters, which has backed efforts to convert driver status from independent contractor to employee.
July 10, 2015