Diesel’s pump price dove 7 cents to $3.535 a gallon, the biggest drop in two years, the Department of Energy reported Dec. 8, as oil plunged to a new five-year low near $63 a barrel.
December 8, 2014Search
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Trade Gap Little Changed as Imports, Exports Increase
The trade deficit was little changed in October as an improving U.S. economy caused imports to climb to a record while exports also rose.
December 5, 2014Oil Falls to Five-Year Low $65.84 a Barrel
Oil fell almost $1 to a five-year low $65.84 a barrel Dec. 5, as Saudi Arabia offered its oil customers in Asia the biggest discount on record, signaling it will defend its market share.
December 5, 2014Diesel, Gasoline Continue to Fall as Oil Plunges to Five-Year Low
A decision by the OPEC oil cartel to maintain its production levels sent crude oil prices plummeting to five-year lows, which sent U.S. retail diesel and gasoline average prices tumbling, too.
December 8, 2014Natural Gas Proponents Outline Challenges for Senate
Trucking and natural-gas industry witnesses told a Senate panel Dec. 3 that Congress could spur the use of the alternative fuel in the transportation sector by changing the tax code, subsidizing a fueling network and addressing existing weight restrictions on highways.
December 3, 2014First US Gas Station Drops Below $2 a Gallon
$2 gasoline is back in the U.S.
December 3, 2014Rep. Petri Supports Bill That Would Raise Fuel Taxes
Tom Petri (R-Wis.), the outgoing chairman of the subcommittee on highways, said he will become a co-sponsor of a bill that would increase federal fuel taxes to support the nation’s transportation system.
December 2, 2014Diesel Falls 2.3¢ After Plunge in Crude Oil Prices
Diesel’s national average pump price declined 2.3 cents to $3.605 a gallon, the Department of Energy reported Dec. 1, after last week’s plunge in oil prices to a five-year low.
December 2, 2014Natural-Gas Industry Lobbies Congress to End Tax Disparity Between LNG, Diesel
Advocates of natural gas are pressing Congress to pass legislation in the lame-duck session that would end the disparity between the federal fuel tax on liquefied natural gas and diesel fuel.
December 1, 2014Diesel Drops 3.3¢ to $3.628; Gas Plunges 7.3¢ to Four-Year Low
Diesel fell 3.3 cents to $3.628 a gallon, a half-cent above the 3½ year low level of three weeks ago, the Department of Energy reported Nov. 24.
November 24, 2014